Ans b. Profit of $ 5000
Profit = (Sales price - Purchase price) * no of shares
= ( 50 - 45 ) * 1000
= $ 5000
Jared executes a short sale of 1,000 shares of ABC at $50 that is subsequently covered...
John 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 $5,000 b. Loss of $5,000. c. Profit of $65,000. d. Loss of $60,000
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
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?
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. %
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...
ABC Corp shares trade at $60 and you short 500 shares. The initial margin is 50% and your broker has a 35% maintenance margin. (A) If the stock price rises to $65, what is your percentage margin? (B) How far can the stock price rise before a margin call?
ABC company purchased a piece of equipment 3 years ago with the cost of 8000. At the end of the third year, the accumulated depreciation was $5,000. ABC sold the equipment at $1,000. What is the gain or loss of selling the equipment? Select one or more: o a. Gain $1,000 b. Loss $2,000 c. Gain $2,000 d. Loss $1,000