FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15. You sell short 100 shares of Apple stock at a price of $200.00 per share. You hold the stock for one year, and during

image text in transcribed
15. You sell short 100 shares of Apple stock at a price of $200.00 per share. You hold the stock for one year, and during that time Apple pays a dividend of $10.00 per share. If you pay commissions of $8.00 per trade, and cover your short position when Apple is trading at $180.00 per share, what was your profit/loss from this trade? a. $2.735 b. $984 C. $645 d. $18,543

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Finance

International Finance

Authors: Keith Pilbeam

2nd Edition

0333730976, 978-0333730973

More Books

Students also viewed these Finance questions

Question

★★★★★
For active links to all websites discussed in this chapter, visit this text's website at www.prenhall.com/thill. Locate your book and click on its "Companion Website" link. Then select Chapter 5 and...

Answered: 1 week ago

Question

★★★★★
How are the slopes of tangent lines determined in polar coordinates? What are tangent lines at the pole and how are they determined?

Answered: 1 week ago

Question

★★★★★
3. Contrast the evidence on the effectiveness of treatment for violent offenders and sexual offenders.

Answered: 1 week ago

Question

★★★★★
The owner of Bun N Run Hamburgers wishes to compare the sales per day at two locations. The mean number sold for 10 randomly selected days at the Northside site was 83.55, and the standard deviation...

Answered: 1 week ago

Question

★★★★★
Kirby Health Care Center, Inc. has three clinics servicing the Seattle metropolitan area. The company's legal services department supports the clinics. Moreover, its computer services department...

Answered: 1 week ago

Question

★★★★★
The Data Group Inc. had the following balances in its equity accounts at December 31, 2022: Common shares, unlimited shares authorized; 200,000 shares issued and outstanding Retained earnings...

Answered: 1 week ago

Question

★★★★★
Suppose Coca-Cola and Pepsi-Cola, who do not communicate, are engaged in a sales game and each firm seeks to maximize profit. The firms set high price or low price. If both set high price, each makes...

Answered: 1 week ago

Question

★★★★★
Mal Co currently sells 25 styles of sports watches. The market has remained static with an overall revenue of $50 million. Mal Co is always trying to bring out new designs and colours to try and...

Answered: 1 week ago

Question

★★★★★
Two employees are arguing loudly in the hallway about their working relationship. One accuses the other of setting them up for failure and looking bad in front of their supervisor. Tensions escalate...

Answered: 1 week ago

Question

★★★★★
Pizza Land operates a pizza franchise in LA. The owner has provided the following budgeted data for next year. Revenue $11,838,000 Fixed Costs $3,198,000 Variable Costs (depends on the # of pizzas...

Answered: 1 week ago

Question

★★★★★
An executive coach started working with employees at Agency ???? ???? one month ago, and since then, Agency X ' " id="MathJax-Element-2-Frame" role="presentation" style="font-size: 121%; position:...

Answered: 1 week ago

Question

★★★★★
3.37 It was estimated that 30% of all seniors on a campus were seriously concerned about employment prospects, 25% were seriously concerned about grades, and 20% were seriously concerned about both....

Answered: 1 week ago

Question

★★★★★
3.31 A student committee has 6 members4 undergraduate and 2 graduate students. A subcommittee of 3 members is to be chosen randomly so that each possible combination of 3 of the 6 students is equally...

Answered: 1 week ago

Question

★★★★★
3.35 A work crew for a building project is to be made up of 2 craftsmen and 4 laborers selected from a total of 5 craftsmen and 6 laborers. a. How many different combinations are possible? b. The...

Answered: 1 week ago

Previous Question Next Question