Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using 60% margin, you decide to sell 100 shares of Builtrite short at a current price of $50 a share. Later, Builtrite is selling for
Using 60% margin, you decide to sell 100 shares of Builtrite short at a current price of $50 a share. Later, Builtrite is selling for $44 a share. What is your ROI? Group of answer choices 12% 20% 25% 30%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started