Problem 2-3 Margin Return (LO3, CFA4) You purchase 600 shares of 2nd Chance Co. stock on margin at a price of $28. Your broker requires you to deposit $10,000 a. Suppose you sell the stock at a price of $34. 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 if the stock price is $26 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.) Rate of Return With margin Without margin