The information below outlines the transactions of an investor on the short sale of EPLY and PRVN shares.

August 19	Shorted 15,000 EPLY shares at $8.75 ea.
August 24	Shorted 1,600 PRVN shares at $4.50 ea.
September 15	EPLY paid dividends of $0.75 per share
September 17	Shorted 1,750 PRVN shares at $4.30 ea.
September 30	Purchased and replaced 11,500 EPLY shares at $7.35 each.
October 20	Interim dividends declared by PRVN: $0.15 each
November 30	Purchased and replaced PRVN shares at $3.80 ea.
November 30	Purchased and replaced balance of EPLY shares at $7.10 ea.

Required: Use the information above  provided to determine the gain or loss on the transactions.

Answer rating: 100% (QA)

Here is the calculation of the gain or loss on the transactions EPLY Number of shares shorted 15000 ... View the full answer