You have $40,600 to invest in Sophie Shoes, a stock selling for $70 a share. The...

You have $40,600 to invest in Sophie Shoes, a stock selling for $70 a share. The initial margin requirement is 75 percent. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any.

Ignoring taxes and commissions, calculate your rates of return if the stock rises to $80 a share and if it declines to $35 a share assuming you pay cash for the stock.
Rate of return if the stock rises to $80 a share: %

Rate of return if the stock declines to $35 a share: %
Ignoring taxes and commissions, calculate your rates of return if the stock rises to $80 a share and if it declines to $35 a share assuming you buy it using maximum leverage.
Rate of return if the stock rises to $80 a share: %

Rate of return if the stock declines to $35 a share: %

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