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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
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 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 aboveStep by Step Solution
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