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An investor buys 300 shares of stock selling at $57 per share using a margin of 62%. The stock pays annual dividends of $3.00 per

An investor buys 300 shares of stock selling at $57 per share using a margin of 62%. The stock pays annual dividends of $3.00 per share. A margin loan can be obtained at an annual interest cost of 4.2%. Determine what return on invested capital the investor will realize if the price of the stock increases to $83 within six months. What is the annualized rate of return on this transaction?

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