Last year you sold short 400 shares of stock selling at $105.22 per share. Six months later the stock had fallen to $58.59 per share. Over the six-month period, the company paid out two dividends of $0.86 per share. Your total commission cost for selling and buying the shares came to $89. Determine your profit or loss from these transactions. Question Your profit (or loss) from these transactions is $_
Last year you sold short 400 shares of stock selling at $105.22 per share. Six months later the stock had fallen to $58.59 per share. Over the six-month period, the company paid out two dividends of $0.86 per share. Your total commission cost for selling and buying the shares came to $89. Determine your profit or loss from these transactions. Question Your profit (or loss) from these transactions is $_
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Last year you sold short 400 shares of stock selling at $105.22 per share. Six
months later the stock had fallen to $58.59 per share. Over the six-month period,
the company paid out two dividends of $0.86 per share. Your total commission cost
for selling and buying the shares came to $89.
Determine your profit or loss from these transactions.
Question
Your profit (or loss) from these transactions is $__
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