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You sell short 300 shares of Microsoft which are currently selling at $31 per share. You post the 56% margin required on the short sale.

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You sell short 300 shares of Microsoft which are currently selling at $31 per share. You post the 56% 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 one year if Microsoft is selling at \$28? (lgnore any dividends)

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