Suppose you have

$10,000

in cash and you decide to borrow another

$10,000

at a

6%

interest rate to invest in the stock market. You invest the entire

$20,000

in an exchange-traded fund (ETF) with a

12%

expected return and a

20%

volatility.\ The expected return on your of your investment is closest to:\ A.

18%

\ B.

11%

\ C.

23%

\ D.

20%

Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a 6% interest rate to invest in the stock market. You invest the entire $20,000 in an exchange-traded fund (ETF) with a 12% expected return and a 20% volatility. The expected return on your of your investment is closest to: A. 18% B. 11% C. 23% D. 20%