Intraday versus swing in a mid-cap

Repeat the 5.9 comparison for a mid-cap with $\sigma_D = 2.5\%$ and a quoted spread of 15 bp: intraday holding 1 hour, 250 trades a year; swing holding 10 days, 25 trades a year. Use the M01 charges for ₹1 lakh tickets. Compute $c/\sigma_t$ and the Sharpe drag for each.