You are bullish on telecom stock. the current market price is $110 per share, and you have $22,000 of your own to invest. you borrow an additional $22,000 from your broker at an interest rate of 6.6% per year and invest $44,000 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.)

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: