A stock is currently selling for $30.00 a share. What is the gain or loss on...
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A stock is currently selling for $30.00 a share. What is the gain or loss on the following transactions? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest cent. a. You take a long position and the stock's price declines to $29.35. $ b. You sell the stock short and the price declines to $29.35. $ c. You take a long position and the price rises to $32.15.. $ d. You sell the stock short and the price rises to $32.15. $ A stock is currently selling for $30.00 a share. What is the gain or loss on the following transactions? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest cent. a. You take a long position and the stock's price declines to $29.35. $ b. You sell the stock short and the price declines to $29.35. $ c. You take a long position and the price rises to $32.15.. $ d. You sell the stock short and the price rises to $32.15. $
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Answer rating: 100% (QA)
ANS Long position means buying the stock Sell the stock short means borrowing ... View the full answer
Related Book For
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
Posted Date:
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