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You sold short 100 shares of Global Payments, Inc. common stock on margin at $215.42 per share. Assume the initial margin is 50% and the
You sold short 100 shares of Global Payments, Inc. common stock on margin at $215.42 per share. Assume the initial margin is 50% and the maintenance margin is 30%. One year later, the stock price closes at $135.18, and it has paid cash dividends of $1.09 per share. What is your return on equity? Ignore margin interest. Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
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