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What is net profit assuming all gains are realized

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Question 1: You buy 1,370 shares of CIBC at $68 per share and you short 830 shares of Scotiabank at $112 per share. CIBC fell 11.0% and Scotiabank fell 8.5%. What is your net profit (or loss) assuming all gains/losses are realized? (Round your answer as a whole # to 0 decimals without $ signs or commas; ie. 605; not $605 or 605.32. If the answer is a loss, write it as -565.)

Reference no: EM132498360

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