Marco does not own any shares of XYZ company so he sells 100 shares short. His execution price for the sale is $50. His broker gives him the following terms on the short sale: Margin Requirement: 60% The stock subsequently fell to $45 and he decided to cover his position. During the time he was short the MMM company paid a cash dividend of $1 per share. 

What was his percentage earned (or lost) for this transaction?

Answer rating: 100% (QA)

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