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A speculator sells a stock short for $50 a share. The company pays a $ 2 annual cash dividend. After a year has passed, the

A speculator sells a stock short for $50 a share. The company pays a $ 2 annual cash dividend. After a year has passed, the seller covers the short position at $ 42. What is the percentage return on the position (excluding the impact of any interest expense and commissions)?

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