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. 

Answer rating: 100% (QA)

Proceeds from Short Sale Initial Margin Initial M... View the full answer