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QUESTION
(Leveraged returns) You have a chance to make a $25,000 one-year investment. The investment is expected to earn 18%, and there are no taxes.
B13. (Leveraged returns) You have a chance to make a $25,000 one-year investment. The investmentis expected to earn 18%, and there are no taxes. If you borrow $10,000 at 10% andput up the other $15,000 with your own money, what will be your expected return on the$15,000?
