Question
You set up a long/short trade by shorting 100 shares of FSL at $10 per share and using the proceeds plus another $500 to purchase
You set up a long/short trade by shorting 100 shares of FSL at $10 per share and using the proceeds plus another $500 to purchase 50 shares of GDL at $30 per share. One-year later, FSL sells for $4 per share and GDL sells for $55 per share.
What is your rate of return on this investment?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
