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You purchase 2 8 5 shares of 2 nd Chance Company stock on margin at a price of $ 5 7 . The initial margin
You purchase shares of nd Chance Company stock on margin at a price of $ The initial margin requirement is percent.
Calculate the initial deposit.
Note: Do not round intermediate calculations. Round your answer to decimal places.
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 decimal places.
Assume the stock price is $ when you sell the stock.
Assume the stock price is $ when you sell the stock.
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