Two years ago, you bought 500 shares of Kayleigh Milk Co. for $30 a share with a margin of 80 percent. Currently, the Kayleigh stock is selling for $55 a share. Assume there are no dividends and ignore commissions. Do not round intermediate calculations. Round your answers to two decimal places.

a.) Assuming that you pay cash for the stock, compute the annualized rate of return on this investment if you had paid cash. ______%

b.) Assuming that you used the maximum leverage in buying the stock, compute your rate of return with the margin purchase. ________%

The stock of the Madison Travel Co. is selling for $29 a share. You put in a limit buy order at $26 for one month. During the month the stock price declines to $22, then jumps to $39. Ignoring commissions, what would have been your rate of return on this investment? Round your answer to two decimal places. ________ %

What would be your rate of return if you had put in a market order? Round your answer to two decimal places. _______ %

What if your limit order was at $20?

Since the market __(decline or did not decline)___ to $20 the limit order ___ (has been executed or has never been executed)____