a. If you shorted Apple at $135 and covered your short at $125, what is your dollar profit or loss per share, assuming Apple paid a $3 dividend per share while you were short (ignoring margin). b. Now assume you had to post a 50 percent margin to short Apple in Part a. What is your holding period return for this trade?

Please use this formula for HPR:

Holding Period Return=[Income +(End Of Period Value Initial Value)] / Initial value