1. You decided to buy 100 shares of ESTA Corp. Currently it is trading at $87 per share. You think you can get a better price and place a limit order to buy share sat $82 per share. During the next month, the stock drops to $80 and then recovers to $86. What is your profit?
2. You beieve that ESTA Corp stock is too high and you short it at $67 per share (1000 shares). A month later when you cover your short position the stock price is $62 per share. What is your profit
3. You have just sold your house for $900,000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $700,000. The mortgage is currently exactly? 18½ years? old, and you have just made a payment. If the interest rate on the mortgage is 6.25% ?(APR), how much cash will you have from the sale once you pay off the? mortgage?