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You purchase 9 0 0 shares of 2 nd Chance Co . stock on margin at a price of $ 5 6 . Your broker
You purchase shares of nd Chance Co stock on margin at a price of $ Your broker requires you to deposit $
a Suppose you sell the stock at a price of $ 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 decimal places.
tableRate of ReturnWith margin,Without margin,
b What is your return if the stock price is $ 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 decimal places.
tableRate of ReturnWith margin,
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