You sold short 700 shares of celedex at 62 per share, Financial Management

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You sold short 700 shares of celedex at 62 per share

You sold short 700 shares of Celedex at $62 per share. Your broker requires 40% margin on the short sale and pays no interest on the funds in your margin account. Celedex pays no dividends. What is your 1-year rate of return if Celedex is selling at $59 a year after you established your short position?

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Financial Management: You sold short 700 shares of celedex at 62 per share

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Financial Management: You sold short 700 shares of celedex at 62 per share

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