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#n January 1, you open a brokerage account and sell short 1,000 shares of Tesla, Inc. (NASDAQ: TSLA) at $18.00 per share. The initial margin

#n January 1, you open a brokerage account and sell short 1,000 shares of Tesla, Inc. (NASDAQ: TSLA) at $18.00 per share. The initial margin requirement is 40.00% and the maintenance margin requirement is 30.0096. A year ater, the price of TSLA is trading at $13.00, and the stock paid a dividend of $2.00 per share over the year. If you cover your short position on the close of December 31, what is your rate of return on the investment? 69.4496 27.789 29.4196 41.67% O 97.22

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