14.

Suppose you bought TSLA stock for $3.6/share 1.4 months ago. In doing so you had to pay 50 bps on the trade value to buy the stock. You have just sold your position for $7.5/share but once again incur a 50 bps trading cost. What would be your ANNUALIZED holding period return including trading costs? Give your answer in whole numbers, eg. 20.3% return will be written as 20.3