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D'Addario sold short $1,092 worth of stock. He was required to deposit $864 cash as a performance bond. Calcluate D'Addario's HPR if stock price changes
D'Addario sold short $1,092 worth of stock. He was required to deposit $864 cash as a performance bond. Calcluate D'Addario's HPR if stock price changes by 3% (a positive number here indicates price increases, while a negative number indicates price decreases). Express your answer as a decimal with four digits after the decimal point (e.g., 0.1234, not 12.34%).
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