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When a Short-Selling Hedge Fund Advertises in a Prospectus That

Question 10

Multiple Choice

When a short-selling hedge fund advertises in a prospectus that it is a 120/20 fund,it means that this fund may sell short up to ______ every $100 in net assets and increase the long position to __________ of net assets.


A) $120; $20
B) $20; $120
C) $20; $20
D) $120; $120

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