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An investor buys 300 shares of stock selling at $66 per share using a margin of 66%. The stock pays annual dividends of $1.00 per

An investor buys 300 shares of stock selling at $66 per share using a margin of 66%. The stock pays annual dividends of $1.00 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 $88 within six months. What is the annualized rate of return on this transaction? Question content area bottom Part 1 If the price of the stock increases to $88 within six months, the six-month return on this transaction is .......................%. (Round to two decimal places.)

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