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You sold short 100 shares of Exxon Mobil Corporation common stock on margin at $64.62 per share. Assume the initial margin is 50% and the

You sold short 100 shares of Exxon Mobil Corporation common stock on margin at $64.62 per share. Assume the initial margin is 50% and the maintenance margin is 30%. One year later, the stock price closes at $41.22, and it has paid cash dividends of $3.48 per share. What is your return on equity? Ignore margin interest

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