price Leslie sells short 100 shares of Cheese Inc. stock at $45 per share using 60% margin and six months later purchases the shares at $38 each. Ignoring brokerage fees, what is her rate of return over this time period? 19.50% 21.25% 23.81% 25.93 % 25.93% Thao purchased 700 shares of stock at a price of $26 a share. He utilized his 70% margin account to make the purchase. What is his initial equity in this investment? $14,560 Correct answer $12,740 $10,800 $5,460 $ 12,740