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You decide to sell thort 200 sharen of Charlotte Horse farms when it is seisng ot its yearly bigh of 556 . Your brober telts

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You decide to sell thort 200 sharen of Charlotte Horse farms when it is seisng ot its yearly bigh of 556 . Your brober telts you that your margit requirement is 55 percent and that the commission on the porchase is 5340 . Whice you are shart the stock, Chatctte pays a $2.10 per share dividend, At the end of one year, vou buy 200 shares of Charlette at 342 to close out your position and are charged a conmiswan of 5325 and 11 percent imarest on the money borrewed. What it your rate of return on the invertment bo not round intermediase calculations. flound your answer to the decmal plates: You decide to sell short 200 shares of Charlette Horse Farms when it is selling at its yearly high of 556 . Your broker tels you that your margin requirement is 55 percent and that she cartmissuet on the purchase is $340, While you are short the stock, Charlotte payt a $2.10 per thare didend, At the end of oce year, you buy 200 ahores of Charlotte at 342 to cose out your position and are charged a commiswon of $325 and 11 percent interest on the money berrowed. What is your rate of retum on the investment? De not round intermeciate caiculationd. Aound your aranser to two decimal places. tee decmal places

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