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ou are bullish on Telecom stock. The current market price is $30 per share, and you have $3,000 of your own to invest. You borrow an additional $3,000 from your broker at an interest rate of 3.5% per year and invest $6,000 in the stock. a. What will be your rate of return if the price of Telecom stock goes up by 5% during the next year? (Ignore the expected dividend.)
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ou are bullish on Telecom stock. The current market price is $30 per share, and you have $3,000 of y...
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