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7 months ago you bought 132 of ABC company at a price of $14.14 per share. To finance this, you borrowed 728$ from a broker
7 months ago you bought 132 of ABC company at a price of $14.14 per share. To finance this, you borrowed 728$ from a broker at an EAR of 4.6%. Today, you just sold all the stock at a price of $17.41 each and fully repaid your loan including the interest owing. Knowing this, what is your ANNUALIZED rate of return on equity (ROE)
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