Business

Skylar Long

20 May, 08:51

You are bullish on telecom stock. the current market price is $44 per share, and you have $2,200 of your own to invest. you borrow an additional $2,200 from your broker at an interest rate of 5.5% per year and invest $4,400 in the stock.

a. what will be your rate of return if the price of telecom stock goes up by 7% during the next year? (ignore the expected dividend.)

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