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Given that Local Care, Inc.'s stock is currently selling for $65 a share, calculate the amount of money that Elijah Pearson will make (or lose) on each of the following transactions. Assume that all transactions involve 100 shares of stock, and ignore brokerage commissions. Input all answers as positive values. He short-sells the stock and then repurchases the borrowed shares at $85. Total of $ . He buys the stock and then sells it some time later at $85. Total of $ . He short-sells the stock and then repurchases the borrowed shares at $50. Total of $ .

Given that Local Care, Inc.'s stock is currently selling for $65 a share, calculate the amount of money that Elijah Pearson will make (or lose) on each of the following transactions. Assume that all transactions involve 100 shares of stock, and ignore brokerage commissions. Input all answers as positive values. He short-sells the stock and then repurchases the borrowed shares at $85. Total of $ . He buys the stock and then sells it some time later at $85. Total of $ . He short-sells the stock and then repurchases the borrowed shares at $50. Total of $ .

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Given that Local Care, Inc.'s stock is currently selling for $65 a share, calculate the amount of money that Elijah Pearson will make (or lose) on each of the following transactions. Assume that all transactions involve 100 shares of stock, and ignore brokerage commissions. Input all answers as positive values.

 

    1. He short-sells the stock and then repurchases the borrowed shares at $85.
      Total  of $   .

 

    1. He buys the stock and then sells it some time later at $85.
      Total  of $   .

 

  1. He short-sells the stock and then repurchases the borrowed shares at $50.
    Total  of $   .
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