You short-sell 300 shares of Tuckerton Trading Co., now selling for $40 per share. What is...

Question

Question

You short-sell 300 shares of Tuckerton Trading Co., now selling for $40 per share. What is your maximum possible gain, ignoring transactions cost?

A. $40

B. $260

C. $12,000

D. unlimited

business finance

Answer 1

Answer #1

1)

Maximum possible gain:

= 300×$40

= $12,000

Hence, correct option is C. $12,000

*Please rate thumbs up

Answer 2

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