Question

Elmo Inc.'s stock is currently selling at $60.52 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 $69.42 per share b. She takes a long position and sells the stock at $77.02 per share c. She sells short and repurchases the borrowed shares at $43.38 per share d. She takes a long position and sells the stock at $60.52 per share. a. If she sells short and repurchases the borrowed shares at $69.42 per share, the gain or loss she realizes is s(Enter a loss as a negative number and round to the nearest cent.)

Please answer A-D if she realizes a gain or loss

Answer 1

Solution o S2 69 12 Loss an transcoa (-1290 Buy Anoun ( 69.42 605 2 Peit Gain 16S0 Buu Am 4338) 9338 No Loss No Qain Ni