Question: You bought ( $ 8 , 0 0 0 ) worth of stock in a company that, after some good research, you

You bought \(\$ 8,000\) worth of stock in a company that, after some good research, you believed would have a large price increase over the next year. You were right. The stock rose \(60.0\%\) in 12 months. And maybe smartly, you decided to sell the stock and take your profits. Of that \(\$ 8,000\), just \(\$ 2,000\) was yours and \(\$ 6,000\) was borrowed money, or debt. Let's ignore interest on a one-year loan. If you paid back the borrowed money once you sold the stock, what is your return on equity?about 240.0\%None of the answers here is correct.about 128.0\%about 60.0\%
You bought \ ( \ $ 8 , 0 0 0 \ ) worth of stock

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