PART 1: Janet sells a share of Harper short at $9.50 per share, and at some future date covers her short position (gets out of his short position) when Harper is trading at $14.25. What is Janet's profit or loss on the trade? $

Place your answer with dollars and cents without a dollar sign. All losses (negative answers) should be placed with a "minus" sign. For example, if your answer is a loss of two dollars and seventy five cents, then enter -2.75.

YOU ARE NOT FINISHED. NOW GO ON TO THE SECOND PART!

PART 2. What is the MOST that Janet can gain on his original short trade? Place your answer in dollars and cents. If you believe the answer is "no limit to the amount of gain" then place the answer of 9999 (that is, type 4 consecutive 9's in the answer box) $

Answer rating: 100% (QA)

Part 1 As price has increased she will have ... View the full answer