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 $89 per share. You put up $20,000. One year later, the stock is selling for $99 per share, and you close out your position. What is your return assuming a dividend of $.70 per share is paid? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Return % ?

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