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

Question

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

smoore777 · Answer

What is 15*500? That is your answer :)

alones · Answer

(15)(500)
=7500

smoore777 · Answer

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.