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You purchase 315 shares of 2nd Chance Co. stock on margin at a price of $63. The initial margin requirement is 75 percent. o. Calculate

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You purchase 315 shares of 2nd Chance Co. stock on margin at a price of $63. The initial margin requirement is 75 percent. o. Calculate the initial deposit. (Do not round intermediote calculations. Round your answer to 2 decimal places.) Answer is complete and correct. \begin{tabular}{|l|ll|} \hline Initial deposit & $ & 14,883750 \\ \hline \end{tabular} b. What would be the return if you had purchased the stock a) with margin and b) without margin under the following situations? (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.) (0) Assume the stock price is $71 when you sell the stock. (x) Answer is complete but not entirely correct. (ii) Assume the stock price is $58 when you sell the stock. (8) Answer is complete but not entirely correct

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