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You sold shares of Northwest Corp. short at $74.23 per share. Your initial margin was 0.7%. One year later you cover your short at $78.34
You sold shares of Northwest Corp. short at $74.23 per share. Your initial margin was 0.7%. One year later you cover your short at $78.34 per share. If Northwest paid dividends of $0.75 during this period and you had to pay margin interest at $0.59 per share, what is your rate of return (in percent) on this investment? Answer to two decimals.
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