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2.5 points You are bullish on Norton, Inc. common stock which currently has a market price of $30 per share. You decide to invest $8,000

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2.5 points You are bullish on Norton, Inc. common stock which currently has a market price of $30 per share. You decide to invest $8,000 of your own money and you borrow $7,000 from your broker in order to huy 500 shares of Norton stock. In one year, the stock paid dividends of $3 per share and you sell the stock for $35. Assuming no interest in paid on your loan, what was your rate of return? Se A 12.5% 8.16.7% C. 22.5% 0.50%

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