What was mr currys total net return in dollars what was mr, Financial Management

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What was mr currys total net return in dollars what was mr

On January 20, 2016, Steve Curry bought on margin 200 shares of Wolfe Corp. for $60.00 a share. Wolfe pays an annual dividend of $1.50 a share. The margin requirement is 60 percent with an interest rate of 7 percent on borrowed funds. Please ignore trading commissions. The price of Wolfe stock reached $67.00 on January 20, 2017, and Mr. Curry sold all shares at that price.

a. What was Mr. Curry's total net return (in dollars)?

b. What was Mr. Curry's net rate of return on investment?

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