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

You purchase 750 shares of 2nd Chance Co. 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? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
\table[[,Rate of Return],[With margin,1%
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