FINANCE-You have an investment account with Quick and Reilly Inc.

You have an investment account with Quick and Reilly Inc. and you decide to sell 100 shares of Bluegill Fisheries short when it is selling at its yearly high of 22 1/4. Your broker tells you that your margin requirement is 55 percent and that the commission on the sale is $55. While you are short, the stock, Bluefin pays a dividend of $0.75 per share. At the end of one year, you buy your Bluefin shares (cover your short sale) at 18 3/8 and are charged a commission of $45 and a 9 percent interest rate. Calculate your dollar profit and rate of return on this investment?

Order your essay today and save 30% with the discount code: KIWI20