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Tommy Tsang sells short 460 shares of Microsoft that are currently selling at 530 per share. He posts the 50% margin required on the short

Tommy Tsang sells short 460 shares of Microsoft that are currently selling at 530 per share. He posts the 50% margin required on the short sale. If he carns no interest on the funds in his margin account, what will be his rate of return after 1 year if Microsoft is selling at $277

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