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Suppose you can buy 9 8 3 shares of Vertex Pharmaceuticals Incorporated ( VRTX ) stock on margin at $ 1 6 7 per share.

Suppose you can buy 983 shares of Vertex Pharmaceuticals Incorporated (VRTX) stock on margin at $167 per share. Your initial margin is 51% and you borrow at the 7 percent. You sell your VRTX shares 6 months later for $185 per share. There were no dividends paid and the prices reflect commissions paid. What is your percent return if you buy on margin?
[Enter the answer in as a percent (e.g.,5.55%=5.55)- not a decimal]

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