You are looking over your brother's portfolio. In his portfolio, he is holding one long position and one short position. Jimmy, your brother, bought 1,600 shares of Sunny Inc each for $55. He sold 1,000 shares of Rainy Ltd. for $50 a share
Calculate the portfolio weight on the Rainy Ltd. position.
A) -1.32
B) -0.76
C) -0.50
D) 0.24
E) 0.30
A
Business
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