Bella is analyzing several equities to add to the portfolio. She finds a cement company, CCJ,

that she believes is trading at an attractive valuation. In establishing the CCJ position, the

sequence of events is as follows:

On Monday, CCJ shares close at $11.24.

On Tuesday afternoon, Bella directs Grimsby to buy 16,000 shares of CCJ.

The decision price is $11.45. He purchases 9,000 shares at $11.51.

Trading fees total an additional $ 0.01 per share purchased. CCJ's closing

price on Tuesday is $ 11.50.

On Wednesday, Grimsby decides to cancel the buy order for the remaining

7,000 shares and records a cancellation price of $ 11.90.

Calculate the component of the implementation shortfall (in basis points) that is

attributable to realized profit/loss.