An investor shorts 500 Coles shares when the share price is $41.82 and closes out the position
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Question:
An investor shorts 500 Coles shares when the share price is $41.82 and closes out the position six months later when the share price is $38.62. The shares paid a dividend of $0.45 per share during the six months. What is the investors profit? (Your answer should be to the nearest dollar, without the dollar sign, and if the investor made a loss this should be a negative number; i.e. a loss of $50 should be entered as 50.)
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