You just sold short 500 shares of Wetscope, Inc., a fledgling software firm, at $66 per share. You cover your short when the price hits $56.5 per share one year later. If the company paid $0.85 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 70 percent. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Rate of return

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