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You just sold short 750 shares of Wetscope, Inc., a fledgling software firm, at $96 per share. You cover your short when the price hits
You just sold short 750 shares of Wetscope, Inc., a fledgling software firm, at $96 per share. You cover your short when the price hits $86.50 per share 6 months later. If the company paid $0.75 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 60%.
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