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You just sold short 6 5 0 shares of Wetscope, Incorporated, a fledgling software firm, at $ 7 5 per share. You cover your short

You just sold short 650 shares of Wetscope, Incorporated, a fledgling software firm, at $75 per share. You cover your short when the price hits $65.50 per share one year later. If the company paid $0.52 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 55 percent.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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