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You believe that ESTA Corp. stock is too high and you short it at $65 per share (100 shares). A month later when you cover
You believe that ESTA Corp. stock is too high and you short it at $65 per share (100 shares). A month later when you cover your short position the stock price is $87 per share. What is your profit?
- A. -$2,200
- B. -$22
- C. $0
- D. $2,200
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
