Question
Suppose that Tesla stock is currently selling at 274.84 per share. For each of the following situations (ignoring brokerage commissions), calculate the gain or loss
Suppose that Tesla stock is currently selling at 274.84 per share. For each of the following situations (ignoring brokerage commissions), calculate the gain or loss that Olivia Crowe realizes if she makes a 100 -share transaction. (Enter all losses as negative numbers.) a. She sells short and repurchases the borrowed shares at $291.11 per share. b. She takes a long position and sells the stock at $291.11 per share. c. She sells short and repurchases the borrowed shares at $256.81 per share. d. She takes a long position and sells the stock at $256.81 per share.
Question content area bottom Part 1 a. If she sells short and repurchases the borrowed shares at $291.11 per share, the gain or loss she realizes is $.( enter a loss as a negative number and round to the nearest cent.)
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