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

11%

expected return and a 20% volatility.Assume that the ETF you invested in returns

10%.

Then the realized return on your investment is closest to:

A.

23%

B.

10%

C.

26%

D.

18%