Trey purchases 200 shares of Turner stock for $40 per share. Trey pays $4000 in cash and

Question:

Trey purchases 200 shares of Turner stock for $40 per share. Trey pays $4000 in cash and borrows $4000 from his at 11 percent interest to complete the purchase. One year later, Trey sells the stock for $50 per share. What is Trey’s return if the stock paid no dividends during the year?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...