Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sabrina short sold 7 0 0 shares of stock at $ 5 2 a share. One month later, she covered the short at a price

Sabrina short sold 700 shares of stock at $52 a share. One month later, she covered the short at a price of $47. What was her total dollar return on this investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

The Cyber Attack Survival Manual

Authors: Heather Vescent ,Nick Selby

1st Edition

1681886545, 978-1681886541

More Books

Students also viewed these Finance questions

Question

Develop nonfinancial measures and methods to improve quality

Answered: 1 week ago