You decide to sell short $200$ shares of Charlotte Horse Farms when it is selling at its yearly high of $$48.$ Your broker tells you that your margin requirement is $55$ percent and that there are no commissions. While you are short the stock, Charlotte pays a $$2\mathrm{.}30$ per share dividend. At the end of one year, you buy $200$ shares of Charlotte at $$34$ to close out your position. The interest rate is $14$ percent. What is your rate of return on the investment? Do not round intermediate calculations. Round your answer to two decimal places.

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