1) You shorted 160 shares of T for $97. You closed this position when T was trad

Question

1) You shorted 160 shares of T for $97. You closed this position when T was trading for $94. What is the profit (in $) of this transaction? Ignore the effects of margin.

2)You bought 200 shares of XYZ for $53 using 52% margin. You closed your position when XYZ was selling for $82. The broker charges 10.5% interest on the funds you borrowed. What is your return on the money you invested? Assume that there are no commissions for the trades. Answer in %.

3)You bought 297 shares of stock XYZ at a price of $21.35. You collected a dividend of $2.43 and then you sold the stock for $51.70. What is the return on your investment? answer in % without symbol - 0.13 = 13%, enter 13.

(SHOW WORK AND EXPLAIN PROCESS FOR EACH QUESTION PLZ)

Explanation / Answer

(1) Sale Price per Share = $ 97 and Position Close (Buy) Price per Share = $ 94

Quantity Involved = 160

Profit = (97 - 94) x 160 = $ 480

NOTE: Please raise separate queries for solutions to the remaining unrelated questions.

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