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An investor short-sold 2,000 shares of DEF Security at 21 and offset one month later at...

An investor short-sold 2,000 shares of DEF Security at 21 and offset one month later at 19. If the security was eligible for reduced margin and a dividend of $.25 per share was paid out over this period of time, her return on margin would be closest to...
a) 16.7%
b) 19.1%
c) 27.8%
d) 31.8%

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