John Q. Investor takes a short position on 10,000 shares of Macy's(M), selling at $228.88...
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John Q. Investor takes a short position on 10,000 shares of Macy's(M), selling at $228.88 per share on June 19. Dividends are estimated at $16 per year paid quarterly, and the last Ex-date was May 25. JQ's broker charges him $600 for the loan of the shares every six months. JQ covers his position on September 17 at $241.26
JQ's profit on this position is $ _____
JQ's holding period rate of return is _____
The rate of return on the underlying asset is _____
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