Shares of Coopers Ltd are selling for 45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interest rate on margin debt is 5% per year. Your broker demands an initial margin deposit of 60%. The maintenance margin is 30%. You buy 1,000 shares of Coopers Ltd and the company paid dividends of 0.85 per share during the year. a. Assuming that you paid the full cost of the purchase, what is your rate of return if at the end of the year you sell your shares for: i. 55 per share? ii. 35 per share? b. Now, assume that you bought the 1,000 shares on a margin account. What is your rate of return if at the end of the year you sell your shares for: i. 55 per share? ii. 35 per share? c. If you purchase 1,000 shares at 45 each by making a margin deposit of 60%, at what price would you receive a margin call from the broker?