You are bullish on Telecom stock.The current market price is $57 per share, and you have $5,900 of your own to?

You are bullish on Telecom stock. The current market price is $57 per share, and you have $5,900 of your own to invest. You borrow an additional $7,780 from your broker at an interest rate of 7.5% per year and invest $13,680 in the stock. What will be your rate of return if the price of Telecom stock goes up by 15% during the next year?