You've just opened a margin account with $30,240 at your local brokerage firm. You instruct your broker to purchase 800 shares of Landon Golf stock, which currently sells for $54 per share. Suppose the call money rate is 5 percent and your broker charges you a spread of 1.25 percent over this rate. You hold the stock for five months (or 150 days) and sell at a price of $61 per share. The company paid a dividend of $0.61 per share the day before you sold your stock.

a. What is your total dollar return from this investment? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Dollar return

b. What is your effective annual rate of return? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Effective annual return %

You've just opened a margin account with $30.240 at your local brokerage firm. You instruct your broker to purchase 800 shares of Landon Goif stock, which currently sells for $54 per share. Suppose the call money rate is 5 percent and your broker charges you a spread of 1.25 percent over this rate. You hold the stock for five months (or 150 days) and sell at a price of $61 per share. The company paid a dividend of $0.61 per share the day before you sold your stock. a. What is your total dollar return from this investment? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What is your effective annual rate of return? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places