Youve just opened a margin account with $15,000 at your local brokerage firm. You instruct your broker to purchase 800 shares of Landon Golf stock, which currently sells for $62 per share. Suppose the call money rate is 5.5 percent and your broker charges you a spread of 1 percent over this rate. You hold the stock for 6 months and sell at a price of $69 per share. The company paid a dividend of $0.53 per share the day before you sold your stock.

1.	What is your total dollar return from this investment? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Dollar return

$

2.	What is your effective annual rate of return? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Effective annual return

%