Question
An investor short sells 100 shares when the share price is $46 and closes out the position 9-months later when the share price is $45.
An investor short sells 100 shares when the share price is $46 and closes out the position 9-months later when the share price is $45. The shares pay a dividend of $4.00 per share during the 9-months. What is the investor's profit or loss? (enter a loss as a negative number)
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
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