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You purchase 750 shares of 2nd Chance Co. stock on margin at a price of $44. Your broker requires you to deposit $17,500. a. Suppose
You purchase 750 shares of 2nd Chance Co. stock on margin at a price of $44. Your broker requires you to deposit $17,500. a. Suppose you sell the stock at a price of $49. 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.) Rate of Return With margin 15550 % Without margin % b. What is your return if the stock price is $43 when you sell the stock? What would your return have been had you purchased the stock without margin? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Rate of Return With margin % Without margin %
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