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Task1. You buy 950 shares of 2nd Chance Co. stock on margin at a price of the $29. Your broker needs you to deposit $18,500.

problem1. Assume you sell the stock at a price of $37. What is your return? What would your return have been had you bought the stock with no margin? Round your answer to 2 decimal places Omit the "%" signs in your response.)

problem2. What is your return when the stock price is $28 when you sell the stock? (Negative amounts must be indicated by the minus sign. Round your answers to 2 decimal places Omit the "%" signs in your response.

Financial Accounting, Accounting

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