TRUE OR FALSE

9. The purchaser of short sale stock receives dividends from the short seller.

10. If you pay $10 for a stock on 40% margin and it improves to $12, your return on margin > 40%.

11. The leverage factor will reduce the percentage loss to the investor if the stocks declines in price.

12. If you bought a stock at $25 that now sells for $45 and place a stop loss order at $40, your rate of return when the stock declines to $30 is less than 50%.

13. If you place a limit order to buy at $24 on a stock selling for $28, your rate of return when the stock declines to $20 and then jumps to $36 is more than 40%.

14. If you can buy 100 shares of stock with cash, you can buy 250 shares on 40% margin.

15. Minimal transaction cost is not referred to as informational efficiency