What is your percentage rate of return on the investment

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You just sold short 1,000 shares of Wetscope, Inc., a fledgling software firm, at $56 per share. You cover your short when the price hits $48.6 per share one year later. If the company paid $0.6 per share in dividends over this period, what is your percentage rate of return on the investment? Assume an initial margin of 55 percent.

Reference no: EM131953095

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