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Imagine the following scenario: You grandfather is now confident that you can manage his money after you completed an investment course. You decide to put
Imagine the following scenario:
You grandfather is now confident that you can manage his money after you completed an investment course. You decide to put in practice the newly acquired knowledge by short-selling. You sell short 1200 shares of ZEUS that are currently selling at $39.1 per share. You post the 50% margin required on the short sale. What will be your rate of return per share if you sell ZEUS for $30.9? (Ignore any dividends and any interest.)
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