You purchased Google stock for $45 a share and sold ten months later for $48 a share.

If the shares were purchased totally with cash, the holding period return would be 6.67 bla% as compared to _____________blank%.

What would be the return if the purchase was made using a 75% margin? Ignore margin interest.

Multiple Choice

11%> margin return 10%

10%> margin return 9%

9%> margin return 8%

8%> margin return 7%

7%> margin return 6%