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After researching a software company's common stocks, Sarah is convinced the stocks are overpriced. She opens a margin account and enters an order to short
After researching a software company's common stocks, Sarah is convinced the stocks are overpriced. She opens a margin account and enters an order to short sell 350 shares. At the time of the sale, a share of common stock had a value of $53. Six months later, the stocks were selling for $49 a share, and Sarah closes out her position. Total commissions to buy and sell the stocks was $79. What is her profit for this short transaction? (Loss amount should be indicated with minus sign. Omit the "$" sign in your response.) Total profit after commission
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