You purchase $255$ shares of $2$ nd Chance Company stock on margin at a price of $$51.$

The initial margin requirement is $75$ percent.

a$.$ Calculate the initial deposit.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal

places.

Initial deposit

b$.$ What would be the return if you had purchased the stock a$)$ with margin and b$)$

without margin under the following situations?

Note: A negative value should be indicated by a minus sign. Do not round

intermediate calculations. Enter your answers as a percent rounded to $2$ decimal

places.

i$.$ Assume the stock price is $$60$ when you sell the stock.

ii$.$ Assume the stock price is $$42$ when you sell the stock.