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OpenStudy (anonymous):
PLEASE HELP!!! WILL MEDAL 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? . $15 $33 $500 $7,500
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OpenStudy (smoore777):
What is 15*500? That is your answer :)
alones (alones):
(15)(500) =7500
OpenStudy (smoore777):
Right, and do you understand why? It is because if he has 500 stocks, each at $15, then for each stock (500), he has to change it by 15.
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