Assume that you open a 100-share short position in Jiffy, Inc common stock at the bid-ask price of $32.00 - $32.50. When you close your position, the bid-ask prices are $32.50 - $33.00. If you pay a commission rate of 0

5%, what is your profit or loss on the short investment?
A) $32.50 gain
B) $16.25 loss
C) $132.50 loss
D) $100.00 gain


C

Business

You might also like to view...

In order for accounting information to be useful in making informed decisions, it must be:

A) internal. B) relevant. C) reliable. D) both relevant and reliable.

Business

Ambidextrous organizational designs are useful for firms that wish to create modest, incremental innovations at the same time as dramatic, breakthrough innovation. This is done by maintaining adaptability and alignment of values and coordination across organizational activities.

Answer the following statement true (T) or false (F)

Business

Biometric systems are authentication systems that identify a person by measurement of a biological characteristic, such as fingerprints, iris patterns, facial features, or voice

Indicate whether the statement is true or false

Business

SQL has been implemented only in the mainframe and midrange environments

Indicate whether the statement is true or false

Business