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For example, the following figure shows a return calculated at the security level where the long and short positions are combined. Notice that the position in EMC has been netted together.


Anchor
RTF340035003600380030003a00
RTF340035003600380030003a00
Anchor
_Toc337537684
_Toc337537684
Anchor
_Toc361231278
_Toc361231278

Anchor
RTF340035003300320031003a00
RTF340035003300320031003a00