1. You purchase 400 shares of Omni Co. stock on margin at a price of $64. Your broker requires you to deposit $15,000. Suppose you sell the stock at a price of $75. Ignoring interest on the margin loan, what is your percentage return
2. You short sold 1,000 shares of stock at a price of $54 and an initial margin of 50 percent. If the maintenance margin is 24 percent, at what share price will you receive a margin call?
3. Suppose you buy stock at a price of $48 per share. 7 months later, you sell it for $40. You also received a dividend of $0.19 per share. What is your annualized percentage return on this investment?