You have initiated a short sale against the box on 100 shares of a stock you bought
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Question:
You have initiated a short sale against the box on 100 shares of a stock you bought last year for $26 1/2 that currently sells for $47 3/4. Ignoring taxes and commissions what will your profit be if the stock rises to $50 next week?
a). $225
b). $2,575
c). $2,125
d). $2,350
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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