You dedide to sell short 200 shares of Charlotte Horse Farms when it is selling at its yearly high of $62. Your broker telis you that your margin requirement is 55 percent and that the commission on the purchase is $380. While you are short the stock, Charlotte pars a $2.75 per share dividend. At the end of one year, you buy 200 shares of Charfotte at 549 to close out your position and are charged a commisilon of $360 and 12 percent interest on the money borrowed: What is your rate of return on the investment? Do not round intermediate calculations, Round your answer to two decinal places