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  3. suppose the call money rate is 4.5 percent, and yo

Suppose the call money rate is 4.5 percent, and you pay a spread of 2.5...

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Accounting

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Suppose the call money rate is 4.5 percent, and you pay a spread of 2.5 percent over that. You buy 1,400 shares of stock at $58 per share. You put up $40,000. One year later, the stock is selling for $66 per share, and you close out your position. What is your return assuming a dividend of $0.38 per share is paid? (Round your answer to 2 decimal places. Omit the "%" sign In your response.) Return %

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