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An investor buys 2 0 0 shares of stock selling at $ 5 5 per share using a margin of 6 7 % . The

An investor buys 200 shares of stock selling at $55 per share using a margin of 67%. The stock pays annual dividends
of $2.00 per share. A margin loan can be obtained at an annual interest cost of 3.2%. Determine what return on invested
capital the investor will realize if the price of the stock increases to $80 within six months. What is the annualized rate of
return on this transaction?
If the price of the stock increases to $80 within six months, the six-month return on this transaction is
%.(Round to
two decimal places.)
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