You purchased 250 shares of common stock on margin for $25 per share. The initial margin is 65% and the stock pays no dividend. a) What would be your rate of return if you sell the stock at $32 per share the next day? Ignore interest on margin. b) If in one year the investor sells the stock for $35. Assume the broker charges 5% on the loan over the year. What would be the investors rate of return?