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Suppose you buy a round lot of Francesca Industries stock ( 100 shares) on 70 percent margin when the stock is selling at $15 a

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Suppose you buy a round lot of Francesca Industries stock ( 100 shares) on 70 percent margin when the stock is selling at $15 a share. The broker charges a 10 percent annual interest rate, and commissions are. 3 percent of the stock value on the purchase and sale, A year later you receive a $0,30 per share dividend and the stock for \$27 a share. What is your rate of return on Francesca Industries? Do not round intermediate calculations. Round your answer to two decimal places

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