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The current market price of Nexten's stock is $100 per share and you have $14,000 of your own to invest. You borrow an additional $10,000

The current market price of Nexten's stock is $100 per share and you have $14,000 of your own to invest. You borrow an additional $10,000 from your broker at an interest rate of 5% per year and invest $24,000 in the stock.

What will be your rate of return if the price goes up to $122 a year later? (Please keep 3 decimal places)

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