After researching Best Buy common stock, Sally Wang is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 400 shares of Best Buy. At the time of the sale, a share of common stock had a value of $160. Three months later, Best Buy is selling for $152 a share, and Sally instructs her broker to cover her short transaction. Total commissions to buy and sell the stock were $64. What is her profit for this short transaction?

After researching Best Buy common stock, Sally Wang is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 200 shares of Best Buy. At the time of the sale, a share of common stock had a value of $140. Three months later, Best Buy is selling for $132 a share, and Sally Instructs her broker to cover her short transaction. Total commissions to buy and sell the stock were $54. What is her profit for this short transaction? Total profit after commissions?

In March of this year, Ermine felt the market had nowhere to go but down.  Accordingly, she sold short $15,000 of IGM stock.  Her broker requires a 60% margin on short sales.  Ermine covered her short position when the value of her shorted IGM shares fell to $13,000.  During the time Ermine’s short position was open, IGM paid a dividend of $500.  What percentage return did Ermine earn on her initial investment?

Dée Trader opens a brokerage account and purchases 100 shares of Internet Dreams at $58 per share. She borrows $2,200 from her broker to help pay for the purchase. The interest rate on the loan is 12%.  Required:a. What is the margin in Dée’s account when she first purchases the stock?   b. If the share price falls to $48 per share by the end of the year, what is the remaining margin in her account?   c. If the maintenance margin requirement is 30%, will she receive a margin call?multiple choice Yes No Correct d. What is the rate of return on her investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)       Dée Trader opens a brokerage account and purchases 100 shares of Internet Dreams at $58 per share. She borrows $2,200 from her broker to help pay for the purchase. The interest rate on the loan is 12%.  Required:a. What is the margin in Dée’s account when she first purchases the stock?   b. If the share price falls to…