Investor has purchased 200 shares of Alchemy Precious Metals (APM) at $11 per share with margin of 60%. Six months later Investor sells the entire position of APM at $13 per share. During this time Investor received a dividend of $.20 per share. The broker charges 9% per annum on borrowed funds and $20 per transaction (order).

A) Calculate Investors dollar profit on APM.

B) Find Investors return on equity.