Question: What return would Trey (from Problem 8) receive if he had purchased the stock for cash? Trey purchases 200 shares of Turner stock for $40

What return would Trey (from Problem 8) receive if he had purchased the stock for cash?
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?

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