Celina short sells 1,090 shares of JBM Inc. for $41.50 per share suddenly the price of...

Question

Question

Celina short sells 1,090 shares of JBM Inc. for $41.50 per share suddenly the price of stock decrease to $37.35. She waited f

business finance

Answer 1

Answer #1

Answer: Option(D) The total Loss in the transaction is $ 4,523.50

a.	Selling Price (1090*41.5)	$ 45,235.00
b.	Purchase Price (1090*45.65)	$ 49,758.50
c.	Loss on account of Short position	$ (4,523.50)

Answer 2

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