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You purchase 700 shares of 2 nd Chance Co. stock on margin at a price of $46. Your broker requires you to deposit $16,000. Suppose

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You purchase 700 shares of 2 nd Chance Co. stock on margin at a price of $46. Your broker requires you to deposit $16,000. Suppose you sell the stock at a price of $43. What is your return? What would your return have been had you purchased the stock without margin? Rate of return with margin: 12.73%. Rate of return without margin: 6.52%. Rate of return with margin: 13.13%. Rate of return without margin: 6.52%. Rate of return with margin: 21.21%. Rate of return without margin: 10.87%. Rate of return with margin: 21.88%. Rate of return without margin: 10.87%

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