Ans a. Profit of $ 5000
Profit = (Sale price - Purchase price) * NO of shares
= ( 50 - 45) * 1000
= $ 5000
John executes a short sale of 1,000 shares of ABC at $50 that is subsequently covered...
Jared executes a short sale of 1,000 shares of ABC at $50 that is subsequently covered at $45. What is his gain or loss? a. Profit of $65,000. b. Profit of $5,000. c. Loss of $5,000. d. Loss of $60,000.
Required information [The following Information applies to the questions displayed below.) John bought 2,000 shares of Intel stock on October 18, 2014, for $50 per share plus a $750 commission he paid to his broker. On December 12, 2018, he sells the shares for $72.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 2,000 shares of Intel stock? Adjusted basis Required Information [The following information applies to the questions...
Nasu Corporation purchased 1,000 shares of Messi common stock ($50 par) at $180 per share as a short-term investment. The shares were subsequently sold at $188 per share. The cost of the securities purchased and gain or loss on the sale were Cost Gain or Loss $150,000 $2,000 gain $180,000 $8,000 gain $188,000 $8,000 gain $180,000 $2,000 loss
! Required information [The following information applies to the questions displayed below.) John bought 1,600 shares of Intel stock on October 18, 2015, for $42 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $60.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 1,600 shares of Intel stock? Adjusted basis Required information [The following information applies to the...
An investor purchased 592 shares of common stock, $20 par, for $23,088. Subsequently, 91 shares were sold for $32 per share. What is the amount of gain or loss on the sale? a. $637 loss b. $1,729 loss c. $637 gain d. $1,729 gain
An investor, sold 400 shares short of XYZl, Inc. at $42 a share. The price of the stock subsequently fell to $38 before rising to $50 at which time investor covered the position (that is, closed the short position). What was the percentage gain or loss on this investment?
Required information (The following information applies to the questions displayed below.) John bought 2,050 shares of Intel stock on October 18, 2015, for $51 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $74.00 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 2,050 shares of Intel stock? Adjusted basis Required information The following information applies to the questions...
A sophisticated investor, B. Graham, sold 650 shares short of Amwell, Inc. at $41 a share. The price of the stock subsequently fell to $39 before rising to $57 at which time Graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places.
A sophisticated investor, B. Graham, sold 600 shares short of Amwell, Inc. at $54 a share. The price of the stock subsequently fell to $52 before rising to $73 at which time Graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places. %
A sophisticated investor, B. Graham, sold 300 shares short of Amwell, Inc. at $64 a share. The price of the stock subsequently fell to $56 before rising to $81 at which time Graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places. %