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Please double check your work and show all steps! Question 9 1 pts You just sold short 559 shares of XYZ, Inc., a fledgling software
Please double check your work and show all steps!
Question 9 1 pts You just sold short 559 shares of XYZ, Inc., a fledgling software firm, at $92.63 per share. You cover your short one year later when the share price is $4.50 below the price at which you shorted the shares. If the company paid $1.79 per share in dividends over this period, what is your rate of return (in percent) on the investment? Assume an initial margin of 62 percent. Answer to two decimalsStep by Step Solution
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