How much profit (if any) would Roberto Chavez make if he short sold 300 shares of a
Question:
How much profit (if any) would Roberto Chavez make if he short sold 300 shares of a stock at $100 a share and the price of the stock suddenly tumbled to $70?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The sales price for the stock is th...View the full answer
Answered By
BETHUEL RUTTO
Hi! I am a Journalism and Mass Communication graduate; I have written many academic essays, including argumentative essays, research papers, and literary analysis. I have also proofread and written reviews, summaries and analyses on already finished works. I am eager to continue writing!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Question Posted:
Students also viewed these Business questions
-
A trader buys 200 shares of a stock on margin. The price of the stock is $20. The initial margin is 60% and the maintenance margin is 30%. How much money does the trader have to provide initially?...
-
Suppose you sell short 1,000 shares of a stock at $60 per share. Ignoring borrowing costs and fees, what is the maximum profit you can earn from this investment? What is the potential maximum loss?
-
If you own r shares of a stock with an annual dividend of p dollars, express the amount of your quarterly dividends algebraically.
-
Charlie invested $2,000 at the end of 2015, $2,500 at the end of 2016 and $550 at the end of 2017.She earned 8% on her investment.How much money did she have at the end of 2017?
-
Gven, Elaimis, Binokay, and Tan (2003) studied the distribution of paw preferences in rats using a computerized food-reaching test. For a sample of n = 144 rats, they found 104 right-handed animals....
-
Decide whether the situation described involves a permutation or a combination of objects. (a) A telephone number (b) A Social Security number (c) A hand of cards in poker (d) A committee of...
-
Knapp Inc.s financial statements are provided below. Using this information, compute the firms free cash flows and the financing cash flows, and interpret your results. We should be subtracting...
-
The following balances were taken from the general ledger of Holland Company on January 1, 2012: During 2012, the company completed the following transactions: a. Purchased inventory for $95,000 on...
-
Question two (20mks) Building Societies Act is a well structured and balanced Organism that spells out different functions. Identify and describe the organization and management of building society...
-
Using the information in P25-2A, compute the overhead controllable variance and the overhead volume variance. Data From Problem 25-2A: Ayala Corporation accumulates the following data relative to...
-
Given that Local Care, Inc.s stock is currently selling for $40 a share, calculate the amount of money that Elijah Pearson will make (or lose) on each of the following transactions. Assume all...
-
What are the components of a decision support system?
-
Yancey Productions is a film studio that uses job-order costing. The company's direct materials include costumes and props. Its direct labor includes each film's actors, directors, and extras. The...
-
What are some adaptations at home and educational environments for young children with cognitive delays?
-
Define the concept of representation in terms of media and race, and then give examples of how the media represents race.
-
Explain the function, role, and effectiveness of mediation and arbitration in conflict resolution.
-
Ivanhoe Company issues 7000 shares of its $10 par value common stock having a fair value of $30 per share and 10000 shares of its $10 par value preferred stock having a fair value of $30 per share...
-
Discuss the value of labor scheduling for a retailer such as Chico's.
-
Do the three planes x + 2x + x 3 = 4, X X 3 = 1, and x + 3x = 0 have at least one common point of intersection? Explain.
-
Use Worksheet 2.1. Teresa Blankenship's banker has asked her to submit a personal balance sheet as of June 30, 2015, in support of an application for a $6,000 home improvement loan. She comes to you...
-
Use Worksheet 2.2. Ross and Cindy Adams are about to construct their income and expense statement for the year ending December 31, 2015. They have put together the following income and expense...
-
Stan and Elizabeth Carpenter are preparing their 2016 cash budget. Help the Carpenters reconcile the following differences, giving reasons to support your answers. a. Their only source of income is...
-
Textile Crafts Company (TCC) sells craft kits and supplies to retail outlets and through online sites such as Etsy.com. Some of the items are manufactured by TCC, while others are purchased for...
-
You believe that blockchain has the potential to revolutionise the financial world. In your role as a financial strategist in XYZ Bank, you are working on a proposal to convince the board of...
-
Diego Company manufactures one product that is sold for $72 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations...
Study smarter with the SolutionInn App