Palomar Engineering (PEINC) Stock is trading at $100 per share today. Expecting the share price to drop, you sell short 3 shares of stock. If you close this trade in 2 weeks when the price/share is $50, what is your gain or loss on this trade? If you expect a loss, write your answer with a minus sign (i .e."-27.4"). Assume no commission fees or other expenses.

Answer rating: 100% (QA)

Absolutely Short selling involves borrowing shares selling them immediately and then repur... View the full answer