You invest in 100 shares of a stock that is currently valued at 57.98 per share. You use Margin to establish this position, and the margin requirement is 55% with a maintenance margin of 30%. Assume that the interest cost of borrowing is 9% and that there are no commissions for purchases or sales. Assume you hold the stock for 13 months and the stock does not provide dividends during the holding period. Please provide the % return on your investment assuming you sell the stock for 78.19 after 13 months.

Based on your answer from Question 6 (100 shares bought for 57.98 and sold for 78.19), how much would you owe in taxes assuming your MTR is 32%?