Larry Dallas does not own any shares of ABC company so he sells 100 shares short. His
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Question:
Larry Dallas does not own any shares of ABC company so he sells 100 shares short. His execution price for the sale is $43. His broker gives him the following terms on the short sale:
Margin Requirement: 60%
The stock subsequently fell to $36 and Larry decided to cover his position. During the time Larry was short the ABC company paid a cash dividend of $2 per share. What was Larry's percentage earned (or lost) for this transaction?
Posted Date: