You've just opened a margin account with $20,000 at your local brokerage firm. You instruct your...

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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 1.25 percent over this rate. You hold the stock for 180 days and sell at a price of $65 per share. The company paid a dividend of $0.25 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 $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 1.25 percent over this rate. You hold the stock for 180 days and sell at a price of $65 per share. The company paid a dividend of $0.25 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 %