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4. Ms. Speculator sold short 15,000 shares of TPHB on October 1, 2019 at $36.50, and covered her position on February 14, 2020, at $21.25.

4. Ms. Speculator sold short 15,000 shares of TPHB on October 1, 2019 at $36.50, and covered her position on February 14, 2020, at $21.25. b. How much money did Ms. Speculator make? What was her rate of return on the investment?

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