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You purchase 7 5 0 shares of 2 nd Chance Company stock on margin at a price of $ 3 5 , Your broker requires

You purchase 750 shares of 2 nd Chance Company stock on margin at a price of $35, Your broker requires you to deposit $14,000.
a. Suppose you sell the stock at a price of $42. 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.
\table[[,Rate of Return],[With margin,,%
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