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Problem 4 - 0 2 You purchase 7 0 shares for $ 6 0 a share ( $ 4 , 2 0 0 ) ,

Problem 4-02
You purchase 70 shares for $60 a share ($4,200), and after a year the price falls to $50. 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.25 percent. Use a minus sign to enter the amount as a negative value. Round your answer to one decimal place.
%
b.60 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.
%
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