The stock pays 092 per share dividend each year if the


An investor buys $17 thousand dollars of ABT stock at $20 per share, using 53% initial margin. The broker charges 6% APR compounded daily on the loan, and requires a 35% maintenance margin. The stock pays $0.92 per share dividend each year. If the stock is sold at the end of the year at $25 per share, what is the investor's rate of return? Enter answer in percents, accurate to 2 decimal places.

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Financial Management: The stock pays 092 per share dividend each year if the
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