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Suppose the call money rate is 4 . 5 percent, and you pay a spread of 2 . 5 percent over that. You buy 7

Suppose the call money rate is 4.5 percent, and you pay a spread of 2.5 percent over that. You buy 700 shares of stock at $61 per share. You put up $27,755. One year later, the stock is selling for $75 per share and you close out your position. What is your return assuming a dividend of $0.90 per share is paid?

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