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You purchase 9 0 0 shares of 2 nd Chance Company stock on margin at a price of $ 4 1 . Your broker requires

You purchase 900 shares of 2nd Chance Company stock on margin at a price of $41. Your broker requires you to deposit $19,000.
a. Suppose you sell the stock at a price of $48. 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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