On October 16, 2023, Matteo sells short 7,000 shares of ABC Corporation at $155 per share. The

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On October 16, 2023, Matteo sells short 7,000 shares of ABC Corporation at $155 per share. The shares were borrowed from XYZ Bank. On October 19, 2023, Matteo covers the short at $141 per share. Calculate the proceeds to Matteo when he sells the shares short on 10/16. Calculate the gain/loss incurred when Matteo short covers on 10/19

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On October 16, 2023, Matteo sells short 7,000 shares of ABC Corporation at $155 per share. The

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