Question

Elmo​ Inc.'s stock is currently selling at $61.36 per share. For each of the following situations​ (ignoring brokerage​ commissions), calculate the gain or loss that Courtney Schinke realizes if she makes a 100-share transaction.​ (Enter all losses as negative​ numbers.)

a. She sells short and repurchases the borrowed shares at $69.04 per share.

b. She takes a long position and sells the stock at $78.11 per share.

c. She sells short and repurchases the borrowed shares at $44.23 per share.

d. She takes a long position and sells the stock at $ 61.36 per share.

a. If she sells short and repurchases the borrowed shares at $69.04 per​ share, the gain or loss she realizes is _​$

b. If she takes a long position and sells the stock at $78.11 per share, the gain or loss she realizes is _​$

c. If she sells short and repurchases the borrowed shares at $44.23 per share, the gain or loss she realizes is _​$

d. If she takes a long position and sells the stock at $ 61.36 per share, the gain or loss she realizes is _​$

Answer 1