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Question 25 (2.5 points) Michael sold 300 shares of Doodle Corp. short at $150/share using 50% initial margin. Doodle pays an annual dividend of $4.00/share.
Question 25 (2.5 points) Michael sold 300 shares of Doodle Corp. short at $150/share using 50% initial margin. Doodle pays an annual dividend of $4.00/share. Calculate Michael's dollar profit or loss if the stock price drops to $140/share over the next year Gain of $3,000 Gain of $1,800 Loss of $4,200 Loss of $2200
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