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An investor buys 3 0 0 shares of stock selling at $ 6 5 per share using a margin of 6 2 % . The

An investor buys 300 shares of stock selling at $65 per share using a margin of 62%. The stock pays annual dividends of $1.00 per share. A margin loan can be obtained at an annual interest cost of 6.3%.
Determine what return on invested capital the investor will realize if the price of the stock increases to $93 within six months. What is the annualized rate of return on this transaction?
If the price of the stock increases to $93 within six months, the six-month return on this transaction is
%.(Round to two decimal places.)
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