You purchase 450 shares of 2nd chance co stock on margin at, Ask an Expert

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You purchase 450 shares of 2nd Chance Co. stock on margin at a price of $60. Your broker requires you to deposit $17,000.

a. Suppose you sell the stock at a price of $68. 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 2 decimal places.)

b. What is your return if the stock price is $59 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 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92417402

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