What is your dollar profit

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Question - You decide to sell 100 shares of Builtrite short. The current price is $56 a share And you use 60% margin. Three months later the stock has fallen to $42 a share.

Required -

a) What is your dollar profit?

b) What is your ROI?

c) Three months later the stock is selling for $60 (instead of $40). What is your dollar loss?

Reference no: EM132714343

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