Problem $4-02$

You purchase $60$ shares for $$60$ a share $($$$3,600),$ and after a year the price falls to $$55.$ Calculate the percentage return on your investment if you bought the stock on margin and the

margin requirement was $($ignore commissions, dividends, and interest expense$)$:

a$.20$ percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.

$\%$

b$.70$ percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.

$\%$

c$.80$ percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.

$\%$