You have initiated a short sale against the box on 100 shares of a stock you bought

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You have initiated a short sale against the box on 100 shares of a stock you bought last year for $26 1/2 that currently sells for $47 3/4. Ignoring taxes and commissions what will your profit be if the stock rises to $50 next week?

a). $225

b). $2,575

c). $2,125

d). $2,350

Related Book For answer-question

Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Posted Date: Jan 18, 2021 08:05 AM

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You have initiated a short sale against the box on 100 shares of a stock you bought

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