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Jack an investor on day 1, buys 7000 shares of y Inc. At $29 per share with beta of 1.2 , he then sells 4000
Jack an investor on day 1, buys 7000 shares of y Inc. At $29 per share with beta of 1.2 , he then sells 4000 shares of z Inc. At 39 per share with beta of 1.85 , jack also obtains a complete hedge by NASDAQ, futures at $1000, next day jack closes out his position , the NASDAQ futures dropped by 2% , share price of y Inc , dropped by 1.5% and the share price of zinc rosed by 1.5% what is the overall gain |loss of jack
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