After 1 year he sells the shares for 21500 per share the, Financial Management

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After 1 year he sells the shares for 21500 per share the

Josh has $27,500.00 and uses a margin loan from his broker to double the amount for investing to $55,000.00. He uses that money to buy shares of Thornscape at $200.00 per share. After 1 year he sells the shares for $215.00 per share. The broker charges 5.00% on the loan. What is Josh's rate of return?

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Financial Management: After 1 year he sells the shares for 21500 per share the

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