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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 285 shares of 2nd Chance Company stock on margin at a price of $57. The initial margin requirement is 75 percent.
Calculate the initial deposit.
Note: Do not round intermediate calculations. Round your answer to 2 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 2 decimal places.
Assume the stock price is $72 when you sell the stock.
Assume the stock price is $46 when you sell the stock.

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