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Resolve the following exercise: Viceroy Research LLC has made a bet against Tether short selling 1,000,000 Tether coins (each $1 ). It paid a cost

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Resolve the following exercise: Viceroy Research LLC has made a bet against Tether short selling 1,000,000 Tether coins (each $1 ). It paid a cost of 7% for borrowing the coins to short sale. The price of Tether decreases to $0.75, which is the net profit that Viceroy made in this bet

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