Last year you sold short 400 shares of stock selling at $90 per share. Six months later

Question:

Last year you sold short 400 shares of stock selling at $90 per share. Six months later the stock had fallen to $45 per share. Over the 6-month period, the company paid out two dividends of $1.50 per share. Your total commission cost for selling and buying the shares came to $125. Determine your profit or loss from this transaction.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: