Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43.

An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. How much does the investor gain?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Financial Management Core Concepts

Authors: Raymond M Brooks

3rd edition

133866696, 978-0133866698

More Books

Students also viewed these Finance questions

Question

★★★★★

Andriana Bessemer, a sole practitioner in a rural area, is working in her office when one of her most important clients, Richard Ploughwright, walks in. Mr. Ploughwright operates one of the largest...

Answered: 1 week ago

Question

★★★★★

The DNA profile below is from a mother, a father, and their child. Compare the bands found in the childs profile. What is true of every band shown in the childs profile? Child Mother ||||| || |||||...

Answered: 1 week ago

Question

★★★★★

At the beginning of each session, students inspected their previous charts and set goals to beat their previous scores.

Answered: 1 week ago

Question

★★★★★

In 2006, Ben Bernanke said the goals of strong output growth and low inflation are almost always consistent with each other." Alan Greenspan once called the tradeoff between output and inflation...

Answered: 1 week ago

Question

★★★★★

By researching at least two different sources of information, consulting the Keizer University Virtual Library, find an article that discusses the topic of inventory auditing. Based on the content of...

Answered: 1 week ago

Question

★★★★★

Point A has coordinates (6, 2). Point B has coordinates (9, 17). Point C has coordinates (-5, -4). Find an equation of the line that passes through C and is perpendicular to AB. Give your equation in...

Answered: 1 week ago

Question

★★★★★

Problem 1 (adapted) Abigail Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling Price P25 per unit Variable expense P15...

Answered: 1 week ago

Question

★★★★★

you have to choose from the give 4 optionsaccounts payableaccounts receivableadvertising expensecash Machinery and Equipment Repair Service is owned by William Giese. Use the above figures to prepare...

Answered: 1 week ago

Question

★★★★★

View Policies Current Attempt in Progress The current sections of Sunn Inc's balance sheets at December 31, 2021 and 2022, are presented here. Sunn's net income for 2022 was $153,000. Depreciation...

Answered: 1 week ago

Question

★★★★★

Two factories I and II produce phones for brand ABC. Factory I produces 60% of all ABC phones and Factory II produces 40%. 10% of the phones from Factory I are defective, and 20% of those produced by...

Answered: 1 week ago

Question

★★★★★

At the beginning of the year, Sandhill Company had total assets of $883,000 and total liabilities of $368,000. Answer the following questions. (a) If total assets increased $151,000 during the year...

Answered: 1 week ago

Question

★★★★★

According to the quantity theory of money, if the longminusrun economic growth rate is 2.5%, by how much should the Fed increase the money supply if it wants inflation to be 2%? A. 0.5% B. 5% C. 4.5%...

Answered: 1 week ago

Question

★★★★★

suggests the ways in which the IS strategizing framework may be applied. What else is uncovered when applying the framework in these ways?

Answered: 1 week ago

Question

★★★★★

Apply each of the headings to an organization with which you are familiar. What practices can you identify and how do these compare with those listed in the chapter?

Answered: 1 week ago

Question

★★★★★

Does IT matter strategically? Consider Carrs Harvard Business Review and MIT Sloan Management Review articles (Carr, 2003, 2005) and discuss the arguments pro and con.

Answered: 1 week ago

Previous Question Next Question