You$$ve just opened a margin account with $$33,880$ at your local brokerage firm. You instruct your broker to purchase $800$ shares of Landon Golf stock, which currently sells for $$77$ per share. Suppose the call money rate is $6\mathrm{.}5$ percent and your broker charges you a spread of $1\mathrm{.}25$ percent over this rate. You hold the stock for four months $($or $120$ days$)$ and sell at a price of $$84$ per share. The company paid a dividend of $$0\mathrm{.}32$ per share the day before you sold your stock.

What is your total dollar return from this investment?

What is your effective annual rate of return?