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REIP 6 You purchase 800 shares of 2nd Chance Co stock on margin at a price of $61. Your broker requires you to deposit $28,000

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REIP 6 You purchase 800 shares of 2nd Chance Co stock on margin at a price of $61. Your broker requires you to deposit $28,000 a. Suppose you sell the stock at a price of $72. What is your return? What would your return have been had you purchased the stock without margin? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Rate of Return With margin Without margin % b. What is your return if the stock price is $59 when you sell the stock? What would your return have been had you purchased the stock without margin? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Rate of Return With margin Without margin Mc Graw HINI

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