• An investor shorts 2000 shares of HRT stock at an initial price of 100$. After one year, the price increases to 160$, and at the same time the stock pays a dividend of 10$ per share. At the end of the second year, the stock pays a second dividend of 8$ per share. Immediately afterwards, the investor buys the 2000 shares back at a price of 60$ per share. The initial margin is 60%. The maintenance margin is 40%. What is the investors return on the short transaction?