The treasury dealer for Zamil Corporation buys 1,000 shares of a stock on a 30% margin at a price of $70 per share. The margin loan rate is 3%. The Stock pays an annual dividend of $0.40 per share Commission is $0.02 per share on purchase and sale. One year later, the dealer sells stock at $86 per share. Calculate the leverage ratio and the investor's return on the margin position. (1+3 Marks)