Suppose you purchase 1,250 shares of stock at $51 per share with an initial cash investment of $20,000. The call money rate is 5 percent and you are charged a 1.5 percent premium over this rate.

.	Calculate your return on investment one year later if the share price is $59. Suppose instead you had simply purchased $20,000 of stock with no margin. What would your rate of return have been now?

Calculate your return on investment one year later if the share price is $51. Suppose instead you had simply purchased $20,000 of stock with no margin. What would your rate of return have been now? (

Calculate your return on investment one year later if the share price is $35. Suppose instead you had simply purchased $20,000 of stock with no margin. What would your rate of return have been now?