Exhibit 4.8 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 35

Multiple Choice

Exhibit 4.8
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

You sell 100 shares short of AMF Corporation when it is selling at $45 per share. Your margin requirement is 60% and the commission on the sale is $50 and the broker charges 10% annual interest. AMF Corporation paid a $0.50 per share dividend while you were short the stock. After one year you cover your short sale at $35 per share with a $50 commission for the purchase.
-Refer to Exhibit 4.8.What is your annual rate of return on this investment?

• A) 18%
• B) 24%
• C) 25%
• D) 36%
• E) 37%

Grasp the broader impacts of war, including the Spanish-American war, on military personnel and the critique of colonial acquisitions on American values.

Understand the relationship between facial expressions and emotional experiences.

Comprehend theories of emotional arousal and their implications on behavior.

Recognize the importance of lifelong healthy habits for weight management.

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Definitions:

Federal Income Tax

An annual charge imposed by the US federal government on the income of individuals, businesses, trusts, and various legal organizations.

Wage Base Limits

The maximum amount of earnings on which an employee must pay certain taxes, such as Social Security.

FICA-OASDI

The Old Age, Survivors, and Disability Insurance part of the Federal Insurance Contributions Act tax, funding Social Security benefits.

FUTA

Stands for Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.