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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 500 shares of stock at

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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 500 shares of stock at $52 per share. You put up $13,000. One year later, the stock is selling for $62 per share and you close out your position. What is your feturn assuming a dividend of $.35 per share is paid? (Do not round intermediate colculations. Enter your answer as a percent rounded to 2 decimal places.)

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