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You sold short 100 shares of British Petroleum common stock on margin at $29.09 per share. Assume the initial margin is 50% and the maintenance

You sold short 100 shares of British Petroleum common stock on margin at $29.09 per share. Assume the initial margin is 50% and the maintenance margin is 30%. One year later, the stock price closes at $32.10, and it has paid cash dividends of $2.40 per share. What is your return on equity?

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