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The current market price of UNH stock is $100 per share and you have $10,000 of your own to invest. You borrow an additional $10,000
The current market price of UNH stock is $100 per share and you have $10,000 of your own to invest. You borrow an additional $10,000 from your broker at an interest rate of 5% per year and invest $20,000 in the stock. What will be your rate of return if the price goes up to $105 during the next year? Please keep at least 3 decimal places.
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