You've just opened a margin account with $$20,000$ at your local brokerage firm. You instruct your broker to purchase $500$ shares of Landon Golf stock, which currently sells for $$60$ per share. Suppose the call money rate is $5$ percent and your broker charges you a spread of $1\mathrm{.}25$ percent over this rate. You hold the stock for six months and sell at a price of $$65$ per share. The company paid a dividend of $$0\mathrm{.}25$ per share the day before you sold your stock.

a$.$ What is your total dollar return from this investment? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.

Dollar return

$$32,500\mathrm{.}00$

b$.$ What is your effective annual rate of return? $($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.$)$

Answer is complete but not entirely correct.

Effective annual return

$11\mathrm{.}56\%$