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Assume that the annual interest rate is 4% compounded monthly. Eliya short sells 100 shares of Ganco company, at the market price of $17 per share and invests the money from this deal in the bank and gaining interest. Assume that she exists the short position after five months (by taking the required money from her account) and a share of the company now worths $13. How much money does she have in her account right after exiting the short position.

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Financial Management, Finance

Category:- Financial Management
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