Question: Please double check your work and show all steps! Question 8 1 pts Suppose you purchase 515 shares of stock at $28.79 per share with

Please double check your work and show all steps!

Please double check your work and show all steps! Question 8 1

Question 8 1 pts Suppose you purchase 515 shares of stock at $28.79 per share with an initial cash investment of $12,397. Suppose the call money rate is 3.51 percent and you are charged a 1.5 percent premium over this rate. Calculate your return on investment (in percent) if the share price one year later is $2.50 below the price when you bought the stock. Ignore dividends. Answer to two decimals

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