PART 1: Yong sells a share of Kindred short at $6.20 per share, and at some future date covers his short position (gets out of his short position) when Kindred is trading at $3.10. What is Yong's profit or loss on the trade? $
Place your answer with dollars and cents without a dollar sign. Enter a loss (negative answers) with a "minus" sign. For example, if your answer is a loss of two dollars and seventy five cents, then enter -2.75.
YOU ARE NOT FINISHED. NOW GO ON TO THE SECOND PART!
PART 2. What is the MOST that Yong can gain on this short trade? Place your answer in dollars and cents. If you believe the answer is "no limit to the amount of gain" then place the answer of 9999 (that is, type 4 consecutive 9's in the answer box) $