Last year you sold short 350 shares of stock selling at $70 per share. Six months later
Fantastic news! We've Found the answer you've been seeking!
Question:
Last year you sold short 350 shares of stock selling at $70 per share. Six months later the stock had fallen to $55 per share. Over the 6-month period the company paid out two dividends of $1.25 per share. Your total commission cost for buying and selling the shares came to $150. Determine your profit or loss from this transaction
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
Posted Date: