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You just sold short 1,050 shares of Wetscope, Inc., a fledgling software firm, at $64 per share. You cover your short when the price hits

You just sold short 1,050 shares of Wetscope, Inc., a fledgling software firm, at $64 per share. You cover your short when the price hits $54.50 per share one year later. If the company paid $0.81 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 70 percent.

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