Question: Problem 2-22 Calculating Returns (CFA1) You've just opened a margin account with $33.880 at your focal brokerage finm. You instruct your brower to purchose. 800

Problem 2-22 Calculating Returns (CFA1) You've just opened a margin account with $33.880 at your focal brokerage finm. You instruct your brower to purchose. 800 thares of. Landoh Golf stock, which curenty selis for $77 per share. Suppose the cat maney rate is 65 percent and your broker charges you a spread of 125 nercent over this rate. You hold the stock for four months and self at a price of $94 per share. The company paid a divitend of \$ 32 per share the day before you sold your stock a. What is your total dollar refum from this investment? (Do not round intermediate calculations. Round your anwwer to 2 decimal places.) Answer is complete but not entirely cerrect. b. What is your effective annual rate af return? (Do not round intermediate calculotions. Enter your onwwer as o percent rounded to 2 decimal ploces.)

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