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Business, 19.11.2019 19:31 china2221

You are bullish on telecom stock. the current market price is $100 per share, and you have $15,000 of your own to invest. you borrow an additional $15,000 from your broker at an interest rate of 6.0% per year and invest $30,000 in the stock. a. what will be your rate of return if the price of telecom stock goes up by 8% during the next year? (ignore the expected dividend.) (round your answer to 2 decimal places.)

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