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An investor sells a stock short for $36 per share. A year later, the investor covers the position at $30 a share. If the margin

An investor sells a stock short for $36 per share. A year later, the investor covers the position at $30 a share. If the margin requirement is 60 percent, what is the percentage return earned on the investment assuming that the price of the stock is $42 when the investor closes the position?

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