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You just sold short 1,000 shares of Wetscope, Inc., a fledgling software firm, at $55 per share. You cover your short when the price hits
You just sold short 1,000 shares of Wetscope, Inc., a fledgling software firm, at $55 per share. You cover your short when the price hits $45.3 per share one year later. If the company paid $0.63 per share in dividends over this period, what is yourpercentagerate of return on the investment? Assume an initial margin of 55 percent.
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