Question
Assume that an investor opens a 300-share short position in XYZ common stock at $30.21 with commission of 0.55%. When you close your position the
Assume that an investor opens a 300-share short position in XYZ common stock at $30.21 with commission of 0.55%. When you close your position the stock price is $29.76 and you have to pay a commission rate of 0.55%. Calculate the investor's profit on this short investment (assume r=0).
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Introductory Econometrics For Finance
Authors: Chris Brooks
3rd Edition
1107661455, 9781107661455
