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Problem 2-3 Margin Return (LO3, CFA4) You purchase 650 shares of 2nd Chance Co stock on margin at a price of $48. Your broker requires you to deposit $16.000 a. Suppose you sell the stock at a price of $55. 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.) Rate of Return With margin Without margin b. What is your return it the stock price is $47 when you sell the stock? What would your retum 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.) Rate of Return with margin without margin