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4 months ago you bought 1 1 7 of ABC company at a price of $ 1 0 . 7 7 per share. To finance

4 months ago you bought 117 of ABC company at a price of $10.77 per share. To finance this, you borrowed 953$ from a broker at an EAR of 5.1%. Today, you just sold all the stock at a price of $15.68 each and fully repaid your loan including the interest owing. Knowing this, what is your ANNUALIZED rate of return on equity (ROE)?
[Hint: Recall that equity at any time is equal to the assets at that time less any liabilities at that same time]
Note: Please give your answer in percent so that you write "5" to represent 5%
(not 0.05)

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