3. The stock of Greshak Corp. is currently trading at $55.00 per share in the stock market. You feel the stock is overvalued and its value will soon decline in the maket, so you short 800 shares at an initial margin of 60%. If you close out your position 6 months later when Greshak's stock is trading at $52.00, what was your annualized rate of return on this investment? YOU MUST SHOW ALL WORK AND CLEARLY IDENTIFY YOUR FINAL ANSWER TO RECEIVE CREDIT.