You just sold short 750 shares of Wet scope, Inc., a fledgling software firm, at $96 per
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You just sold short 750 shares of Wet scope, Inc., a fledgling software firm, at $96 per share. You cover your short when the price hits $86.50 per share one year later. If the company paid $.75 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 60 percent.
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Given Data Initial margin 60 Short shares 750 Share price 9600 Terminal pri...View the full answer
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
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