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QUESTION 6 Suppose you have $10,000 in cash to invest. You decide to sell short $6,000 worth of Kinston stock and inveet the proceeds from

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QUESTION 6 Suppose you have $10,000 in cash to invest. You decide to sell short $6,000 worth of Kinston stock and inveet the proceeds from your short sale, plus your $10,000 into one-year U.S. treasury bills earning 5%. At the end of the year, you decide to liquidate your portfolio. Kinston Industries has the following realized returns: Kinston The return on your portfolio is closest to: 5.00 1.00 $29.00 14.5% .0.5% -25% 13.5%

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