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Hedge fund manager X holds two positions - Long $6,500,000 of IBM common shares - Short $6,000,000 of Apple shares What is the funds net

Hedge fund manager X holds two positions

- Long $6,500,000 of IBM common shares

- Short $6,000,000 of Apple shares

What is the funds net market exposure based on these two positions.

Question 38 options:

7.69%

9.10%

8.13

9.09%

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