Mr. P. decides to short sell 10000 shares of Chegg Inc. at that time market price was $5.6. His broker charged $1550 as commission and requested him to deposit 45% margin. During the short period...

Extracted text: Mr. P. decides to short sell 10000 shares of Chegg Inc. at that time market price was $5.6. His broker charged $1550 as commission and requested him to deposit 45% margin. During the short period Chegg Inc paid a dividend of $0.25 per share. To close out the position Mr. P buys 10000 shares of Chegg Inc. at $4.50 and the broker charged a commission of $1,450. Calculate the return on the investment of Mr P.