You purchase 550 shares of 2nd Chance Co. stock on margin at a price of $55. Your broker requires you to deposit $15,500.

1.	Suppose you sell the stock at a price of $62. What is your return? What would your return have been had you purchased the stock without margin? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

With margin

%

Without margin

%

2.	What is your return if the stock price is $54 when you sell the stock? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. Omit the "%" sign in your response.)

With margin	%
Without margin	%