You opened a margin trading account 3 months and bought 1000 shares of Alphabet (GOOGL) shares at $1068/each. The shares now trade for $1128/each. If you had deposited enough margin just to meet the 40% initial margin requirement when you opened your position, what is your effective annual rate of return on equity (margin) on this trade?

A) 14% B) 24.4% C) 56% D) 69% E) Cannot be computed with the information provided