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Suppose you have $10,000 in cash to invest. You decide to sell short $5,000 worth of Kinston stock and invest the proceeds from your short
Suppose you have $10,000 in cash to invest. You decide to sell short $5,000 worth of Kinston stock and invest the proceeds from your short sale, plus your $10,000 into one-year Canadian Treasury Bills earning 5%. At the end of the year, you decide to liquidate your portfolio. Kinston Industries has the following realized returns: PO Kinston $25.00 Divl $1.00 P1 $29.00 The return on your portfolio is closest to
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