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On August 1, 2019 you sold short 500 shares of Microsoft stock on margin for $110 a share. The initial margin is 60%. Assume the

On August 1, 2019 you sold short 500 shares of Microsoft stock on margin for $110 a share. The initial margin is 60%. Assume the stock pays a dividend per share of $1.5 August 28, 2019.

What would your annual rate of return be if you sell the stock today for $100 a share?

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