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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 1.400 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 1.400 shares of stock at $40 per share. You put up $33,600. One year later, the stock is selling for $52 per share and you close out your position. What is your return assuming a dividend of $.67 per share is paid? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. Rate of return 61.02 X %

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