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HubDub
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And we have a winner, Chris Hibbert of Zocalo:
You can buy Giuliani on Q2 for .12 and sell Giuliani on Q1 for .52, and have a combination that will pay $1 no matter what for an outlay of .64. We want to take that .36 gain and turn it into $100. 100 / .36 = 277.777…-
So we’-ll buy 278 shares of each.The 278 shares cost 278 * (.12 + .52), which is 177.92. Whatever happens, you’-ll win $278, which puts you ahead by $100.
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You can buy Giuliani on Q2 for .12 and sell Giuliani on Q1 for .52, and have a combination that will pay $1 no matter what for an outlay of .64. We want to take that .36 gain and turn it into $100. 100 / .36 = 277.777… So we’ll buy 278 shares of each.
The 278 shares cost 278 * (.12 + .52), which is 177.92. Whatever happens, you’ll win $278, which puts you ahead by $100.
You can buy Giuliani on Q2 for .12 and sell Giuliani on Q1 for .52, and have a combination that will pay $1 no matter what for an outlay of .64. We want to take that .36 gain and turn it into $100. 100 / .36 = 277.777… So we’ll buy 278 shares of each.
The 278 shares cost 278 * (.12 + .52), which is 177.92. Whatever happens, you’ll win $278, which puts you ahead by $100.