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You are bullish on Telecom stock. The current market price is $60 per share, and you have $12,000 of your own to invest. You borrow

You are bullish on Telecom stock. The current market price is $60 per share, and you have $12,000 of your own to invest. You borrow an additional $12,000 from your broker at an interest rate of 5.8% per year and invest $24,000 in the stock

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