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7 months ago you bought 1 0 9 of ABC company at a price of $ 1 1 . 1 3 per share. To finance

7 months ago you bought 109 of ABC company at a price of $11.13 per share. To finance this, you borrowed 962$ from a broker at an EAR of 4.1%. Today, you just sold all the stock at a price of $19.15 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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