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Business, 20.07.2019 23:00 Dweath50

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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