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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 percent and the commission on the sale is $50 and the broker charges 10 percent 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 3.8. What is your total dollar return on this investment?
Heritage Tourist
A person who travels to places of historical and cultural significance to learn about and experience their heritage.
Eco-Tourist
A tourist who travels primarily to experience natural environments in a way that minimizes impact on the ecology and supports conservation efforts.
Executive Order 9981
An order issued by President Harry S. Truman in 1948 that abolished racial discrimination in the U.S. military.
Nazi Racism
The ideology and practices associated with the Nazi regime in Germany, which promoted the superiority of the Aryan race and led to the persecution and extermination of Jews and other minorities.
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