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 $2 per share. If the investor closed the position at $36, what was the percentage earned or lost on the investment?
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Q59: A new issue of corporate securities sold
Q60: A registered representative
A)makes a market
B)buys and sells
Q61: The final prospectus does not include
A)the firm's
Q62: Gains will result from a short sale
Q63: Which of the following is not part
Q65: Short selling is
A)selling borrowed securities
B)selling stock owned
Q66: The margin requirement is set by the
A)Federal
Q67: Short selling requires
1. no collateral
2. a margin
Q68: The syndicate
1. facilitates the sale of new
Q69: The Sarbanes-Oxley law
A)reduces potential conflicts of interest
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