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You sell short 300 shares of Microsoft that are currently selling at $50 per share. You post the 40% margin required on the short sale.

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You sell short 300 shares of Microsoft that are currently selling at $50 per share. You post the 40% margin required on the short sale. If you earn no interest on the funds in your margin account, what will be your rate of return after 1 year if Microsoft is selling at $47? (ignore any dividends.) Multiple Choice 11.25% O 7.50% 15.00 26 25%

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