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QUESTION 12 You short 100 shares of 3M (MMM) at $200 per share and give your broker $12,000 to establish your margin account. MMM pays

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QUESTION 12 You short 100 shares of 3M (MMM) at $200 per share and give your broker $12,000 to establish your margin account. MMM pays no dividends. If you earn no interest on the funds in your margin account, what will be your rate of return if MMM stock is selling immediately (t=0) at $220? A.-16.67% B. 16.67% C.-14.85% D. 14.85%

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