Problem 4-01 You purchase 140 shares for $60 a share ($8,400), and after a year the price rises to $70. 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. Round your answer to one decimal place. % b. 60 percent. Round your answer to one decimal place. % c. 80 percent. Round your answer to one decimal place. % Check My Work

You purchase 140 shares for $60 a share ($8,400), and after a year the price rises to $70. 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. Round your answer to one decimal place. b. 60 percent. Round your answer to one decimal place. c. 80 percent. Round your answer to one decimal place