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You sell short 200 shares of ABC which are currently selling at exist40 per share. You post the 60% margin required on the short sale.

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You sell short 200 shares of ABC which are currently selling at exist40 per share. You post the 60% margin required on the short sale. If ABC pays exist1 dividend and you cam no interest on the funds in your margin account, what will be your rate of return after one year if you cover you short position at exist45? (Ignore any transaction costs)

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