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after researching best buy common stock, sally jackson is convinced the stock is overpriced. she contacts her account executive and arranges to sell short 200 shares of best buy. at the time of the sale, a share of common stock had a value of $68. three months later, best buy is selling for $59 a share, and sally instructs her broker to cover her short transaction. total commissions to buy and sell the stock were $74. what is her profit for this short transaction?

Sagot :

Her profit for this short transaction is $1726.

When a stock is overpriced , it has a current worth that's not even by its earnings outlook, generally assessed by its P/E ratio. an organization is taken into account overvalued if it trades at a rate that's inexcusably and considerably in far more than its peers.

A broker is a person who facilitates transactions between traders, sellers, or buyers. think about a broker as a middleman who that the group action will run swimmingly which every party has the required data. Brokers exist in several industries, as well as insurance, assets, finance, and trade.

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