Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amy sold 700 shares short of BloResearch Corp, at 542 a share. The price of the stock then fall to $30 batore rising to 151

image text in transcribed
Amy sold 700 shares short of BloResearch Corp, at 542 a share. The price of the stock then fall to $30 batore rising to 151 st which time Amy covered her position. What is the percentage gain or loss on this position? Gain of 30.11% EGGain of 21.43% Gain of 7.24% Loss of 21.43% Loss of 30.11%

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

The Practical Guide To Wall Street Equities And Derivatives

Authors: Matthew Tagliani

1st Edition

0470383720, 978-0470383728

More Books

Students also viewed these Finance questions