Suppose that TSLA’s current share price is $20. You buy 1,000 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. Assume that the annual rate on the...

Suppose that TSLA’s current share price is $20. You buy 1,000 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker.

Assume that the annual rate on the margin loan is 10%. What is the rate of return if you sell your TSLA shares after 1 year at $22? Assume that TSLA pays no dividends.