Question: Please double check your work and show all steps! Question 9 1 pts You just sold short 559 shares of XYZ, Inc., a fledgling software

Please double check your work and show all steps!

Please double check your work and show all steps! Question 9 1

Question 9 1 pts You just sold short 559 shares of XYZ, Inc., a fledgling software firm, at $92.63 per share. You cover your short one year later when the share price is $4.50 below the price at which you shorted the shares. If the company paid $1.79 per share in dividends over this period, what is your rate of return (in percent) on the investment? Assume an initial margin of 62 percent. Answer to two decimals

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