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You are bullish on telecom stock. The current price is $50, and you have 5,000 to invest. You borrow an additional $5,000 from your broker

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You are bullish on telecom stock. The current price is $50, and you have 5,000 to invest. You borrow an additional $5,000 from your broker at an interest rate of 8% per year and invest $10,000 in the stock. What is your rate of return if the price of Telecom stock goes up by 10% during the next year

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