Question
On January 1, you sold short 100 shares of XYZ stock at $15 per share. The initial margin is 40%. On April 1, you covered
On January 1, you sold short 100 shares of XYZ stock at $15 per share. The initial margin is 40%. On April 1, you covered the short sale by buying the stock at a price of $9 per share. What is your annualized return for this transaction?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
