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A portfolio manager purchases shares in YUL that are worth $2,000. At the same time, this manager goes short shares worth $700. What is the

A portfolio manager purchases shares in YUL that are worth $2,000. At the same time, this manager goes short shares worth $700.

What is the leverage factor?

_____

  1. 1.05
  2. 1.08
  3. 1.35
  4. 1.65

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