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You just sold short 750 shares of Wetscope, Incorporated, a fledgling software firm, at $96 per share. You cover your short when the price
You just sold short 750 shares of Wetscope, Incorporated, a fledgling software firm, at $96 per share. You cover your short when the price hits $86.50 per share one year 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 percent. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Rate of return %
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