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Elden [556K]
3 years ago
6

Suppose that you expect SugarCane stock price to decline. So you decide to ask your broker to short sell 2000 shares. The curren

t market price is $40. The proceeds from the short sale $80,000 is credited into your account. However, a few days later the market price of the stock jumps to $80 per share and your broker asks you close out your position immediately. What is your profit or loss from this transaction?
Mathematics
1 answer:
Liono4ka [1.6K]3 years ago
3 0

Answer:

Loss = $80000

Step-by-step explanation:

To determine if it's a profit or loss is simple.

He predicted the sugar cane stock to fall so he sold , but few days later the stock grew and went bullish.

He sold at$ 40 for 2000 shares

=$ 80000

But the stock went up to $80 per share that is gaining extra $40

So it was actually a loss.

The loss is =$40 * 2000

The loss = $80000

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A particular computer takes 11 minutes to download a 33​-minute TV show. How long will it take the computer to download a 2.5​-h
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First off.. we need to get the units the same.  All in hours,

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3 years ago
An elevator has weight limit of 1 ton. There are 3 people inside the elevator. Each person weighs 150 pounds. How many pounds ca
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7 0
2 years ago
The weight of a box varies directly as the volume of the box . If a 138 - pound box has a volume of 23 gallons , what is the wei
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3 0
3 years ago
The polynomial 3x2 – 10x + 8 has a factor of 3x – 4. What is the other factor of 3x2 – 10x + 8?
anyanavicka [17]

Answer:

Second factor is (x - 2).

Step-by-step explanation:

The given polynomial is 3x² -10x + 8 has a factor (3x - 4) and we have to find the other factor.

Now we will factorize the given polynomial to get the other factor.

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6 0
3 years ago
Read 2 more answers
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