You have $35,700 to invest in Sophie Shoes, a stock selling for $70 a share. The initial margin requirement is 80 percent. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any.

1. Ignoring taxes and commissions, calculate your rates of return if the stock rises to $80 a share and if it declines to $35 a share assuming you pay cash for the stock.

   Rate of return if the stock rises to $80 a share: %

   Rate of return if the stock declines to $35 a share: %

2. Ignoring taxes and commissions, calculate your rates of return if the stock rises to $80 a share and if it declines to $35 a share assuming you buy it using maximum leverage.

   Rate of return if the stock rises to $80 a share: %

   Rate of return if the stock declines to $35 a share: %