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12 Assuming that the hedge fund manager generated $300,000 net profit (this includes the stock...

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12 Assuming that the hedge fund manager generated $300,000 net profit (this includes the stock lending fee, so disregard the fee for this question) from the trade in Question 11. what return was achieved? Reminder: the manager took a short position worth $5 million and a long position worth $5 million 6% 2.252% 4.5% 396 Expert Q&A Done 11 Company A and Company are both banks offering similar services and their stocks are historically very positively correlated A hedge fund manager decides to take a short position on Company A for $5 million and a long position on Company B for $5 million Use the information below to determine how much profit the manager will make from the trade, assuming it was initiated and closed in 150 days. Initiated Position Saxo $2.00 Company Company Closed position 52.32 $2.35 Annual Stock Landing Fee 15bps

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