You've just opened a margin account with $$48,450$ at your local brokerage firm. You instruct your broker to purchase $950$ shares of

Landon Golf stock, which currently sells for $$102$ per share. Suppose the call money rate is $6$ percent and your broker charges you a

spread of $1$ percent over this rate. You hold the stock for six months $($or $180$ days$)$ and sell at a price of $$109$ per share. The company

paid a dividend of $$0\mathrm{.}29$ 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.