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Suppose that Tesla stock is currently selling at $279.45 per share. For each of the following situations (ignoring brokerage commissions), calculate the gain or
Suppose that Tesla stock is currently selling at $279.45 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 $296.77 per share. b. She takes a long position and sells the stock at $296.77 per share. c. She sells short and repurchases the borrowed shares at $243.53 per share. d. She takes a long position and sells the stock at $243.53 per share. a. If she sells short and repurchases the borrowed shares at $296.77 per share, the gain or loss she realizes is $ (Enter a loss as a negative number and round to the nearest cent.) 4
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