You purchase 190 shares for $60 a share ($11,400), and after a year the price rises to $70. Calculate the percentage return on your investment if you bought the stock on margin and the margin requirement was (ignore commissions, dividends, and interest expense):

1) 20 percent. Round your answer to one decimal place.

2) 45 percent. Round your answer to one decimal place.

3) 80 percent. Round your answer to one decimal place. %\