Jock sold 800 shares of Eagle Eye, Incorporated, stock on 75% margin when the stock was selling for $73 a share. Thestock is currently selling for $40.5 a share. What is his current short position?O $9,500$39,800O $10,600O $32,400$25,000

Step 3: Calculate the short position. The short position represents the difference between the…

Answered: Jock sold 800 shares of Eagle Eye,…

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter14: Property Transactions: Determination Of Gain Or Loss And Basis Considerations

Section: Chapter Questions

Problem 41P

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Jock sold 800 shares of Eagle Eye, Incorporated, stock on 75% margin when the stock was selling for $73 a share. The stock is currently selling for $40.5 a share. What is his current short position? O $9,500 $39,800 O $10,600 O $32,400 $25,000