What is dollar profit for builtrite

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Problem 1: Using 60% margin, you decide to sell 100 shares of Builtrite short at a current price of $52 a share. Later, Builtrite is selling for $46 a share. What is your dollar profit?

Reference no: EM132694114

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What is dollar profit for builtrite : Using 60% margin, you decide to sell 100 shares of Builtrite short at a current price of $52 a share. Later, Builtrite is selling for $46 What is dollar profit?
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