You just sold short 700 shares of Wetscope, Inc., a fledgling software firm, at $81...
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Accounting
You just sold short 700 shares of Wetscope, Inc., a fledgling software firm, at $81 per share. You cover your short when the price hits $71.50 per share one year later. If the company paid $.35 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 50 percent.
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