1. You have decided to purchase 1,000 shares of Caterpillar and short 600 shares of Home...

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Finance

1. You have decided to purchase 1,000 shares of Caterpillar andshort 600 shares of Home Depot. Complete these transactions onStock-Trak.

2. Stock Transactions The next day, you decide that you wantonly 600 shares of Caterpillar and want to short 200 more shares ofHome Depot. Complete the necessary transactions.

3. Stock Transactions You have now decided to close your longposition in Caterpillar and close out your short position in HomeDepot. Complete the necessary transactions. What is your totaldollar gain or loss on these transactions?

(use any dollar amount)

Answer & Explanation Solved by verified expert
4.5 Ratings (775 Votes)
Hi Based on the stock trading below is the stock track data Stocks Day 1 Day 2 Day 3 Buy Sell Total Shares Held Buy Sell Total Shares Held Buy Sell Total Shares Held Caterpillar    See Answer
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