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A hedge fund that purchases $10,000 of Air Canada shares and short-sells $12,000 of WestJet Aviation shares experienced a sudden positive increase in the stock

A hedge fund that purchases $10,000 of Air Canada shares and short-sells $12,000 of WestJet Aviation shares experienced a sudden positive increase in the stock market/aviation industry of 15%. What will be the resulting portfolio return?

$300

-0.30

$3,000

-$300

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