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You ve just opened a margin account with $ 5 8 , 9 0 5 at your local brokerage firm. You instruct your broker to
Youve just opened a margin account with $ at your local brokerage firm. You instruct your broker to purchase shares of Landon Golf stock, which currently sells for $ per share. Suppose the call money rate is percent and your broker charges you a spread of percent over this rate. You hold the stock for three months or days and sell at a price of $ per share. The company paid a dividend of $ per share the day before you sold your stock.
What is your total dollar return from this investment?
Note: Do not round intermediate calculations. Round your answer to decimal places.
What is your effective annual rate of return?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to decimal places.
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