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6. You are bullish on Telecom stock. The current market price is $50 per share and you have $5,000 of your own to invest. You

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6. You are bullish on Telecom stock. The current market price is $50 per share and you have $5,000 of your own to invest. You borrow $5,000 from your broker at an interest rate of 8% per year and invest $10,000 in the stock, a) What will be your rate of return if the stock price goes up by 10% during the next year? (Ignore the expected dividends.) Show your calculations or reasoning

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