Question
1: Janet sells a share of Harper short at $6.90 per share, and at some future date covers her short position (gets out of his
1: Janet sells a share of Harper short at $6.90 per share, and at some future date covers her short position (gets out of his short position) when Harper is trading at $10.35. What is Janet's profit or loss on the trade? $ Place your answer with dollars and cents without a dollar sign. All losses (negative answers) should be placed with a "minus" sign.
PART 2. What is the MOST that Janet can gain on his original short trade? Place your answer in dollars and cents. If you believe the answer is "no limit to the amount of gain" then place the answer of 9999 (that is, type 4 consecutive 9's in the answer box) $
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