You purchase 650 shares of 2nd Chance Co. stock on margin at a price of $48. Your broker requires you to deposit $16,000.

1.	Suppose you sell the stock at a price of $55. What is your return? What would your return have been had you purchased the stock without margin? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

With margin	%
Without margin	%

2.	What is your return if the stock price is $47 when you sell the stock? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

With margin	%
Without margin	%