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You own 3,000.0 shares of the XYZ Corp. stock. The stock is currently selling @ $4.0 a share. You do not intend to sell your
You own 3,000.0 shares of the XYZ Corp. stock. The stock is currently selling @ $4.0 a share. You do not intend to sell your stock but you want to fully- hedge your long position by short selling 3,000.0 shares of the stock. (Ignore interest). If the stock price drops to $3.0 a share, your total profit/loss is:- Select one:
a. $000
b. - $6,000.0
c. $3,000.0
d. - $3,000.0
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