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You set up a long/short trade by shorting 2,500 shares of ZXY at $30 per share and using the proceeds plus another $20,000 of your
You set up a long/short trade by shorting 2,500 shares of ZXY at $30 per share and using the proceeds plus another $20,000 of your money to purchase shares of ERT at $20 per share. One-year later, ZXY sells for $25 per share and ERT sells for $28 per share. What is your rate of return on this investment
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
