Jocelyn sells short 1000 shares of JKLO stock at $31.25 per share and six months later purchases the shares at $29.00 each. Ignoring margin interest and brokerage fees, Nancy will
A) earn a total profit of $3,125.
B) lose a total of $2,900.
C) earn a total profit of $2,250.
D) Lose a total of $2,250.
Answer: C
You might also like to view...
Which of the following is a type of objective for MBO?
A. Profitability B. Personal development C. Market share D. Social responsibility E. Ethics
A ________ process recognizes the value of returning to an earlier stage to make improvements before moving forward
A) spiral development B) reactive development C) market testing D) proactive development E) concept testing
Which of the following inventory valuation methods minimizes income tax expense during a period of rising inventory costs?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification
Probably, the most difficult challenge for nonprofessional staff of nonprofits, like telephone operators, security officers, cleaning staff and the like, in internal marketing is
a. to get them to have the right target audience mindset b. to get them to call on potential donors and ask for money c. to get them to listen to the professional marketer on staff d. to get them to recognize the fact that they have marketing influence e. to get them cooperate in a personal marketing audit of the organization