Part A, Trey purchases 200 shares of Turner stock for $40 per share. Trey pays $4000 in cash and borrows $4000 from his broker at 11 percent interest to complete the purchase. One year later, Trey sells the stock for $50 per share. What is Treys return if the stock paid no dividends during the year?

Part B, What return would Trey (from Problem Part A) receive if he had purchased the stock for cash?