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On January 1, you open a brokerage account and purchase 750 shares of Tesla, Inc. (NASDAQ: TSLA) at $70.00 per share. You borrow 40.0096 from
On January 1, you open a brokerage account and purchase 750 shares of Tesla, Inc. (NASDAQ: TSLA) at $70.00 per share. You borrow 40.0096 from your broker to help pay for the investment, the annual interest rate (APR) on the loan is 6.00%, and you receive a dividend payment over the year of $2.00 per share. What is your rate of return if you sell the shares on the close of December 31 at a price of $75.50? 13.86% 17.7996 9.1096 7.89% 10.7196
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