Suppose that Tesla stock is currently selling at $279.16 per share. For each of the...

70.2K

Verified Solution

Question

Finance

image

Suppose that Tesla stock is currently selling at $279.16 per share. For each of the following situations (ignoring brokerage commissions), calculate the gain or loss that Olivia Crowe realizes if she makes a 100-share transaction. (Enter all losses as negative numbers.) a. She sells short and repurchases the borrowed shares at $299.98 per share. b. She takes a long position and sells the stock at $299.98 per share. c. She sells short and repurchases the borrowed shares at $241.01 per share. d. She takes a long position and sells the stock at $241.01 per share. a. If she sells short and repurchases the borrowed shares at $299.98 per share, the gain or loss she realizes is $U. (Enter a loss as a negative number and round to the nearest cent.) b. If she takes a long position and sells the stock at $299.98 per share, the gain or loss she realizes is $ (Enter a loss as a negative number and round to the nearest cent.) c. If she sells short and repurchases the borrowed shares at $241.01 per share, the gain or loss she realizes is $(. (Enter a loss as a negative number and round to the nearest cent.) d. If she takes a long position and sells the stock at $241.01 per share, the gain or loss she realizes is $ (Enter a loss as a negative number and round to the nearest cent.) Suppose that Tesla stock is currently selling at $279.16 per share. For each of the following situations (ignoring brokerage commissions), calculate the gain or loss that Olivia Crowe realizes if she makes a 100-share transaction. (Enter all losses as negative numbers.) a. She sells short and repurchases the borrowed shares at $299.98 per share. b. She takes a long position and sells the stock at $299.98 per share. c. She sells short and repurchases the borrowed shares at $241.01 per share. d. She takes a long position and sells the stock at $241.01 per share. a. If she sells short and repurchases the borrowed shares at $299.98 per share, the gain or loss she realizes is $U. (Enter a loss as a negative number and round to the nearest cent.) b. If she takes a long position and sells the stock at $299.98 per share, the gain or loss she realizes is $ (Enter a loss as a negative number and round to the nearest cent.) c. If she sells short and repurchases the borrowed shares at $241.01 per share, the gain or loss she realizes is $(. (Enter a loss as a negative number and round to the nearest cent.) d. If she takes a long position and sells the stock at $241.01 per share, the gain or loss she realizes is $ (Enter a loss as a negative number and round to the nearest cent.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students