This paper circulates around the core theme of FNAN 311 – You are bullish on Telecom stock. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
You are bullish on Telecom stock. The current market price is $50 per share, and you have $5,000 of your own 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.(LO 3-4)What will be your rate of return if the price of Telecom stock goes up by 10% during the next year? (Ignore the expected dividend.)the answer is 12%. please explain step by step how to reach this answer.
