Computing the rate of return on investment

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You sold shares of Northwest Corp. short at $74.46 per share. Your initial margin was 0.8%. One year later you cover your short at $75.94 per share. If Northwest paid dividends of $0.68 during this period and you had to pay margin interest at $0.71 per share, what is your rate of return (in percent) on this investment? Answer to two decimals.

Reference no: EM133122984

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