You purchase $900$ shares of $2$ nd Chance Co$.$ stock on margin at a price of $$56.$ Your broker requires an initial margin of $$26,000.$ Assuming no dividends or interests.

a$.$ Suppose you sell the stock at a price of $$65.$ What is your return?

Holding Period Return

With margin loan

$\%$

What would your return have been had you purchased the stock without margin?

Holding Period Return

Without margin loan

$\%$

b$.$ What is your return if the stock price is $$54$ when you sell the stock?

Holding Period Return

With margin loan

$\%$

What would your return have been had you purchased the stock without margin?

Holding Period Return

Without margin loan $$

$\%$