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You purchase 2 8 0 shares of 2 nd Chance Company stock on margin at a price of $ 5 6 . The initial margin

You purchase 280 shares of 2 nd Chance Company stock on margin at a price of $56. The initial margin requirement is 70 percent.
a. Calculate the initial deposit.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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 $70 when you sell the stock.
\table[[,Rate of Return],[With margin,%
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