Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show work please! Data for Questions 41 and 42. Lola was bearish on Tesla Inc (NASDAQ ticker: TSLA) and sold 1,000 shares short on November

image text in transcribedshow work please!

Data for Questions 41 and 42. Lola was bearish on Tesla Inc (NASDAQ ticker: TSLA) and sold 1,000 shares short on November 23, 2018, when the share price was $325.83. Her brokerage has the margin requirement of 150% Question 41 How much additional cash will Lola need to add to her margin account if the share prices increases to $346.00 next morning? a) $34,600 b) $20,170 c) $10,085 d) $30,255 e) None of the above Question 42 What will be Lola's profit or loss if she closes her short position on Dec 13, 2018, when the share price is $376.79? a) Profit of $50,960 b) Loss of $50,960 c) Profit of $76,440 d) Loss of $76,440 e) None of the above

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

Step: 3

blur-text-image

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 Markets and Institutions

Authors: Anthony Saunders, Marcia Cornett

6th edition

9780077641849, 77861663, 77641841, 978-0077861667

More Books

Students also viewed these Finance questions