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Suppose you are pessimistic about Apple Stock. The initial margin requirement of your broker is 5 0 % . You short - sell one share

Suppose you are pessimistic about Apple Stock. The initial margin requirement of your broker is 50%. You short-sell one share of Apple today for $183 and then the price decreases over the following year. A dividend of $1 per share is paid before you cover your short position at a price of $152. What is your return on the short-sale of Apple Stock?
32.79%
18.46%
11.79%
27.30%
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