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An investor buys 300 shares of stock selling at ​$88 per share using a margin of...

An investor buys 300 shares of stock selling at ​$88 per share using a margin of 61​%. The stock pays annual dividends of $ 1.00 per share. A margin loan can be obtained at an annual interest cost of 8.9​%. Determine what return on invested capital the investor will realize if the price of the stock increases to ​$108 within six months.

If the price of the stock increases to​$108 within six​ months, the​ six-month return on this transaction is________% ​ (Round to two decimal​ places.)

What is the annualized rate of return on this​ transaction?

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