You are Bullish on ICM. the current price is $50 per share and you have $5,000 of your own to invest. you borrow an additional $5,000 from your broker at a call loan rate of 8% per annum. what will your rate of return be if ICM's price rises 10% over the next year? (ignore dividends) please show all work, thank you

Buying on Margin: Example 2 what will your rate of return be if ICM's price rises 10% over the next year? You now owe your broker The new market price is $55, so your position is now worth Your equity is Your rate of return is then Account Equity The amount of money You invested return - 20