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Show steps Carry decimals to 4 points You just sold short 506 shares of XYZ. Inc., a fledgling software form, at $90.37 per share. You

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Carry decimals to 4 points

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You just sold short 506 shares of XYZ. Inc., a fledgling software form, at $90.37 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 $1.54 per share in dividends over this period, what is your rate of return in percent) on the investment? Assume an initial margin of 65 percent. Answer to two decimals

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