Assume that you open a 100 share short position in Jiffy Inc. common stock at the...
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Assume that you open a 100 share short position in Jiffy Inc. common stock at the bid-ask price of $32.00 - $32.50. When you close your short position the bid-ask prices are $32.50 - $33.00. Jiffy Inc. pays no dividends. If you pay a commission rate of 0.5%, calculate your profit or loss on the investment position? Assume that you open a 100 share short position in Jiffy Inc. common stock at the bid-ask price of $32.00 - $32.50. When you close your short position the bid-ask prices are $32.50 - $33.00. Jiffy Inc. pays no dividends. If you pay a commission rate of 0.5%, calculate your profit or loss on the investment position?
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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