Please determine if 9-12 are TRUE or FALSE:

9. The purchaser of short sale stock receives dividends from the short seller. 10. If you pay $10 for a stock on 40% margin and it improves to $12, your return on margin > 40%. 11. The leverage factor will reduce the percentage loss to the investor if the stocks declines in price. 12. If you bought a stock at $25 that now sells for $45 and place a stop loss order at $40, your rate of return when the stock declines to $30 less than 50%