Question
Jones sells short 100 shares of MNOP stock at $62.50 per share and six months later purchase the shares at $58.00 each. Ignoring brokerage fees,
Jones sells short 100 shares of MNOP stock at $62.50 per share and six months later purchase the shares at $58.00 each. Ignoring brokerage fees, Nancy will
A. Lose a total of $101.25
B. earn a total profit of $1,112.50
C. earn a total profit of $112.50
D.lose a total of $112.50
I got the answer was $450 but did'nt have in any option above so Please help me this and show me do steps by steps. Thank you
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
