Use the following information to answer the next two questions Suppose you purchase 1,500 shares of stock at $75 per share with an initial cash investment of $50,000. 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 $83. Round intermediate steps and your final answer to four decimals.

.0706

.1775

.175

.1588

Suppose instead you had simply purchased $50,000 worth of stock with no margin. What would have been your rate of return? Round intermediate steps and your final answer to four decimals. Enter your answer in decimal format.