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You are looking over your brother's portfolio. In his portfolio, he is holding one long position and one short position. Jimmy, your brother, bought 1800
You are looking over your brother's portfolio. In his portfolio, he is holding one long position and one short position. Jimmy, your brother, bought 1800 shares of Sunny Inc. each for $53. He sold 600 shares of Rainy Ltd. for $47 a share. Calculate the portfolio weight on the Rainy Ltd. position. Enter your answer as a percent rounded to 2 decimal places without the % symbol. For example if your answer is 0.1012 enter 10.12. If your answer is -0.1012 enter -10.12
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