What is your total gain or loss

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Reference no: EM13874031

You sell short 100 shares of Merck at $30 per share. One week following your short sale, Merck announces it has found the cure for cancer and its stock price increases to $750 per share. Assume you placed a stop buy order at $100 when you sold short. Assume the stop buy order executed at $100. What is your total gain or loss (-)?

Reference no: EM13874031

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