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14. You are bullish on Google stock. The current price is $1,075/share and you have $30,000 of your own to invest. You them borrow an
14. You are bullish on Google stock. The current price is $1,075/share and you have $30,000 of your own to invest. You them borrow an additional $30,000 from your broker at an interest rate of 10% per year and invest a total of $60,000 in the stock. If Google does not pay a dividend, what is your total return if Google declines 5% over the next year?
a) +20%
b) -10%
c) -15%
d. -20%
e). Can't tell from information provided.
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