If Malcolm shorts 500 shares of a stock priced at $15 per share, how much profit or loss will he realize for each $1 change in stock price?

Select the best answer from the choices provided.
$15
$33
$500
$7,500

Question

If Malcolm shorts 500 shares of a stock priced at $15 per share, how much profit or loss will he realize for each $1 change in stock price?


Select the best answer from the choices provided.
$15
$33
$500
$7,500

anonymous · Answer

@sylbot IS it $500? check this one out

anonymous · Answer

the answer is 500*15, because you are talking about absolute profit here, not percentage (i.e. returns)

anonymous · Answer

@sylbot  wait. so im wrong?

anonymous · Answer

oh wait no I'm sorry I read it wrong you are corrrect

anonymous · Answer

I evaluated the total value :P oops.

anonymous · Answer

@sylbot Oh okay i was like 0.0 omg what i did wrong

anonymous · Answer

yeah I misread that, my bad.

anonymous · Answer

@sylbot dont worry mate it's okay