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You just sold short 1,000 shares of Jacobson, Inc., a fledgling software firm, at $96 per share. You cover your short when the price hits

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You just sold short 1,000 shares of Jacobson, Inc., a fledgling software firm, at $96 per share. You cover your short when the price hits $86.50 per share one year later. If the company paid $.75 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 60 percent

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