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For a 1 year short sale: initial margin account is 35% of the stock at time 0. the maintenance account has a 30% requirement measured
For a 1 year short sale: initial margin account is 35% of the stock at time 0. the maintenance account has a 30% requirement measured at the end of each quarter. Annual risk-free rate is 3%. stock prices by quarter are: 93 (initial), 101, 114, 113, 105 respectively. What is the annual return?
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