eBook Problem 3-17 Short Selling and Return An investor sells a stock short for $33 a share. A year later, the investor covers the position at $26 a share. Consider a 50 percent margin requirement. Sell short at Cover at Margin required $33.00 $26.00 50% What is the percentage return earned on the investment? The return is 35.29 %. Round your answer to two decimal places.