Question
Palomar Engineering (PEINC) Stock is trading at $100 per share today. Expecting the share price to drop, you sell short 3 shares of stock. If
Palomar Engineering (PEINC) Stock is trading at $100 per share today. Expecting the share price to drop, you sell short 3 shares of stock. If you close this trade in 2 weeks when the price/share is $50, what is your gain or loss on this trade? If you expect a loss, write your answer with a minus sign (i .e."-27.4"). Assume no commission fees or other expenses.
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