You short-sell 200 shares of Tommy co. now selling for $30 per share. If you...

80.2K

Verified Solution

Question

Finance

image
You short-sell 200 shares of Tommy co. now selling for $30 per share. If you wish to limit your loss to $1,390, you should place a stop-buy order at what price

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