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You sold short 500 shares of ABC stock at $85/share at the end of one year. You closed out your positions at the following prices:

You sold short 500 shares of ABC stock at $85/share at the end of one year. You closed out your positions at the following prices: a) $90/share b) $60/share Calculate your annual return on the initial margin. Please assume 50% initial margin for the short sale. Please calculate the return as a % of initial margin

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