Presume the call money rate is 4.5%, and you pay a spread of 2.5% over that. You buy 1,300 shares of stock at $65 per share. You put up $25,000. One-year later, the stock is selling for $79 per share, and you close out your position.

Question: What is your return assuming a dividend of $0.92 per share is paid?

Return

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