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6. Let the price of company X stock at the beginning of the year = $100. Assume the stock is sold short at the beginning

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6. Let the price of company X stock at the beginning of the year = $100. Assume the stock is sold short at the beginning of the year and the short sale is closed at the end of the year at a price of $102. Assume the stock pays a dividend of $2 at the end of the year. Let the margin requirement = 40%. If the net return on the short sale = 0%, calculate the rate of return on the margin account

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