6. Two years ago, you bought 300 shares of Kayleigh Milk Co. for $30 a share with a margin of 60 percent. Currently, the Kayleigh stock is selling for $45 a share. Assuming no divi- dends and ignoring...

6. Two years ago, you bought 300 shares of Kayleigh Milk Co. for $30 a share with a margin
of 60 percent. Currently, the Kayleigh stock is selling for $45 a share. Assuming no divi-
dends and ignoring commissions, compute (a) the annualized rate of return on this invest-
ment if you had paid cash, and (b) your rate of return with the margin purchase.