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The stok of Greshak Corp. is currently trading at $55.00 per share in the stock Market. You feel the stock is overvalued and its value

The stok of Greshak Corp. is currently trading at $55.00 per share in the stock Market. You feel the stock is overvalued and its value will soon decline in the market, so you short 800 shares at an initial margin 60%. If you close out your position 6 months year later when Greshak's stock is trading at $52.00, what was your annualized rate of return on this investment? SHOW ALL WORK.

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