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.
Question1. 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.)
Question2. 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.