Business
Business, 09.06.2021 03:20, Hazy095

An investor sells 100 shares short at $43. The sale requires a margin deposit equal to 60 percent of the proceeds of the sale. The company paid a cash dividend of $1 per share. If the investor closed the position at $38, what was the percentage earned or lost on the investment

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An investor sells 100 shares short at $43. The sale requires a margin deposit equal to 60 percent of...

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