DO NOT ROUND YOUR INTERIM CALCULATIONS FOR ACCURATE RESULTS.

Six months ago, you purchased $600$ shares of stock on margin. The initial margin requirement on your account is $60\%$ and the maintenance margin is $40\%.$ The call money rate

plus the spread is $5\%.$ The purchase price was $$15$ per share.

Today, you sold these shares for $$17$ each.

QUESTION #$5.$ What is your Effective Annual Return $($EAR$)?$