An investor, Robert Edwards, sold 750 shares short of DaDum, Inc. at $50 a share. The...
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An investor, Robert Edwards, sold 750 shares short of DaDum, Inc. at $50 a share. The price of the stock subsequently fell to $45 before rising to $54 at which time Edwards covered the position (that is, closed the short position). A. Calculate the gain or loss when he covered the position. B. What was the percentage gain or loss on this investment? (show to 1 decimal place (i.e. 2.2% not 2.176 %) Show E An investor, Robert Edwards, sold 750 shares short of DaDum, Inc. at $50 a share. The price of the stock subsequently fell to $45 before rising to $54 at which time Edwards covered the position (that is, closed the short position). A. Calculate the gain or loss when he covered the position. B. What was the percentage gain or loss on this investment? (show to 1 decimal place (i.e. 2.2% not 2.176 %) Show E
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A To calculate the gain or loss when Edwards covered the short position we need to find the total ... View the full answer
Related Book For
Basic Finance An Introduction to Financial Institutions, Investments and Management
ISBN: 978-1285425795
11th Edition
Authors: Herbert B. Mayo
Posted Date:
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