Assume ABC stock was traded at $50 last year and ABC stock is traded at $59 today. ABC stock paid $1 dividends per share throughout the year. Please answer the following questions.

1.If you bought 100 shares of ABC stock last year with a 50% initial margin requirement, what is your holding period return?

2. If you sold short 100 shares of ABC stock last year with a 50% initial margin requirement, what is your holding period return?