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abe X ormat Painter Dard Font Paragraph 11.2.1.1.4/1.5.16.17.1.8.1.9.110-111 12: 1.13.1.14...15.1 17 1 18 2. You buy 1,270 shares of ExxonMobil at $45 per share. Your

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abe X ormat Painter Dard Font Paragraph 11.2.1.1.4/1.5.16.17.1.8.1.9.110-111 12: 1.13.1.14...15.1 17 1 18 2. You buy 1,270 shares of ExxonMobil at $45 per share. Your initial margin is 65%. You borrow at the 7 percent call money rate plus 1 percent for 6 months. You sell your ExxonMobil shares 6 months later for $59 per share. What is your holding period return and your EAR? Show your calculations (40 MARKS)

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