An investor buys a stock on margin. Assume that the interest on the loan and the dividend are both paid at the end of the holding period. The data related to the transaction are as follows:
| Number of shares | 500 |
| Purchase price per share | $28 |
| Leverage ratio | 3.33 |
| Commission | $0.05/share |
| Position holding period | 6 months |
| Sale price per share | $30 |
| Call money rate | 5% per year |
| Dividend | $0.40 / share |
The investor's total return on this investment over the margin holding period is closest to:
