You purchase $500$ shares of $2$nd Chance Company stock on margin at a price of $$55.$ Your broker requires you to deposit $$16,000.$

a$.$ Suppose you sell the stock at a price of $$59.$ What is your return? What would your return have been had you purchased the stock without margin?

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.

$\backslash$table$[[,$Rate of Return$],[$With margin,$12\mathrm{.}50,\%$