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Question 1 You have $100 to invest. The price of XYZ stock is $100. You sell short one share of XYZ and then invest all

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Question 1 You have $100 to invest. The price of XYZ stock is $100. You sell short one share of XYZ and then invest all available funds (your initial $100 and any short-sale proceeds) in one- year zero-coupon bonds with 5% yield to maturity. One year later, the price of XYZ is $90. There are no dividends. What is the holding period return (HPR) on your $100? a. -5% b. 0% C. 15% d. 20%

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