Question

A stock is currently selling for $45 a share. What is the gain or loss on the following transactions?
a. You take a long position and the stock’s price declines to $41.50.
b. You sell the stock short and the price declines to $41.50.
c. You take a long position and the price rises to $54.
d. You sell the stock short and the price rises to $54.


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  • CreatedMarch 19, 2015
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