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You purchase 340 shares of 2nd Chance Co. stock on margin at a price of $68. The initial margin requirement is 70 percent a. Calculate

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You purchase 340 shares of 2nd Chance Co. stock on margin at a price of $68. The initial margin requirement is 70 percent a. Calculate the initial deposit. (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? negative value should be Indicated by a minus sign. Do not round Intermedlate calculations. Enter your answers as a percent rounded to 2 decimal places.) Assume the stock price is $76 when you sell the stock Rate of Return With margin Without margin % Assume the stock price is $60 when you sell the stock Rate of Return With margin Without margin You purchased a stock at the end of last year at a price of $92. At the end of this year, the stock pays a dividend of $1.60 and you sell the stock for $106. What is your return for the year? Now suppose that dividends are taxed at 15 percent and long-term capital gains (over 11 months) are taxed at 30 percent. What is your aftertax return for the year? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Pretax return Atestax return

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