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You are bullish on Hause stock. The current market price is $ 7 0 0 , 0 0 0 per share, and you have $

You are bullish on Hause stock. The current market price is $700,000 per share, and you have $70,000 of your own to invest. You borrow an additional $630,000 from your broker at an interest rate of 6% per year and invest $700,000 in the stock. What will be your rate of return if the price of the stock goes up by 10% during the next year? (Assignment 2 and example in class)
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