Question

Charlene Hickman expected the price of Bio International shares to drop in the near future in response to the expected failure of its new drug to pass FDA tests. As a​result, she sold short 200 shares of Bio International at 27.34. How much would Charlene earn or lose on this transaction if she repurchased the 200 shares four months later at each of the following prices per​ share?  

a.$21.59

b.​$25.13

c.​$30.12

d.​$26.85

Answer 1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE