Xavi decides to short sell 10,000 shares of Guiness Co. stock, currently trading at ($7.00) per share.

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Xavi decides to short sell 10,000 shares of Guiness Co. stock, currently trading at $$7.00$ per share. Determine Xavi’s profits if Guiness stock trades at $$5.00$ per share at the moment in which Xavi has to buy the shares back.

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Financial Markets And Institutions

ISBN: 9780138043681

10th Edition

Authors: Frederic S Mishkin, Stanley Eakins

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Question Posted: Apr 09, 2024 12:02 AM

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Xavi decides to short sell 10,000 shares of Guiness Co. stock, currently trading at ($7.00) per share.

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When Xavi short sells 10000 shares of Guiness Co stock at 700 per share he is essentially selling sh...View the full answer

Financial Markets And Institutions

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