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Trey purchases 150 shares of Turner stock for $50 per share. Trey pays $3,000 in cash and borrows $4,500 from his broker at 15 percent

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Trey purchases 150 shares of Turner stock for $50 per share. Trey pays $3,000 in cash and borrows $4,500 from his broker at 15 percent interest to complete the purchase. One year later, Trey sells the stock for $60 per share. Trey's return if the stock paid no dividends during the year is 27.5 percent 17.5 percent 48.4 percent 10.0 percent 7.0 percent

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