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300 shares of common stock on margin for $50 per share.

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You purchase 300 shares of common stock on margin for $50 per share. The intial margin is 60% and the stock pays no dividend. Your rate of return would be______ if you sell the stock at $40 per share. Ignore interest on margin.

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You purchase 300 shares of common stock on margin for $50 per share. The intial margin is 60% and the stock pays no dividend. Your rate of return would be______ if you sell the stock at $40 per share. Ignore interest on margin.

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