FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose the stock price of Bhorium Co . Ltd was $ 9 8 on 2 1 March 2 0 2 4 . Michael engaged in

Suppose the stock price of Bhorium Co. Ltd was $98 on 21 March 2024. Michael engaged in short selling of Bhorium stock on 21 March 2024. The stock price is $120 on 25 March 2024. Michael decided to close his position on Bhorium on 25 March 2024. How much did Michael gain or lose?

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

Contemporary Issues In Social Science

Contemporary Issues In Social Science

Authors: Simon Grima, Ercan Özen, Hakan Boz

1st Edition

1800439318, 9781800439313

More Books

Students also viewed these Accounting questions

Question

★★★★★
Calculate the binding energy per nucleon for 21H and 31H. The atomic masses are 21H, 2.01410 amu, and 31H, 3.01605 amu.

Answered: 1 week ago

Question

★★★★★
4-2 Distinguish between exploratory and conclusive research.

Answered: 1 week ago

Question

★★★★★
1. Authoritative teaching strategies are associated with what students identify as good teachers. Identify which one of the following educators is demonstrating authoritative techniques in the...

Answered: 1 week ago

Question

★★★★★
Baker and Klatt (BK) is a law firm that gets a large portion of its revenue from corporate clients. In Year 2, BKs billable hours for corporate clients were up 20 percent from Year 1 levels, but, as...

Answered: 1 week ago

Question

★★★★★
On January 1, 2024, Mordor Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2024: March 1: Reacquired 2,800 shares, accounted for as treasury stock....

Answered: 1 week ago

Question

★★★★★
The price a company's stock is trading at impacts its cost of capital when a company raises capital. a)True b)False

Answered: 1 week ago

Question

★★★★★
How flying airoplane?

Answered: 1 week ago

Question

★★★★★
You, CPA, work at Spring & Bounce Chartered Professional Accountants (S&B) as a management consultant. S&B is a medium-sized CPA firm. It is December 10, 2018, and the partner has called you into her...

Answered: 1 week ago

Question

★★★★★
Jamil has been operating his accounting firm in partnership with Eddie for several years and is thinking of taking advantage of the Limited Liability Partnership Act 2012, and converting his firm...

Answered: 1 week ago

Question

★★★★★
1.How do I identify my target market? 2.What are the key factors for a successful business plan? 3.How can I improve my companys cash flow? 4.What are the most effective ways to market a small...

Answered: 1 week ago

Question

★★★★★
1.What is the Renaissance, and why is it significant in art history? 2.How does Romanticism differ from Neoclassicism in art? 3.What is the significance of the Mona Lisa in art history? 4.How did the...

Answered: 1 week ago

Question

★★★★★
=+b. Would you need to edit down the copy for a smaller-space ad?

Answered: 1 week ago

Question

★★★★★
=+c. Do you need to rewrite the headline and some of the copy to target a different audience? (E.g., would the concept need to be tweaked for a business publication as opposed to a fitness magazine?...

Answered: 1 week ago

Question

★★★★★
=+4. About the medium.

Answered: 1 week ago

Previous Question Next Question