Question
You are bullish on Wells Fargo & Co. (WFC). The current market price is $60 per share, and you have $6,000 of own to invest.
You are bullish on Wells Fargo & Co. (WFC). The current market price is $60 per share, and you have $6,000 of own to invest. You borrow an additional $4,000 from your broker at an interest rate of 8% per year and invest $10,000 in stock. If the price of WFC stock goes up by 17% during the next year, what will be your rate of return (%)? Group of answer choices
19.7
21.3
23.0
24.7
18.0
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
