Business, 19.06.2020 12:57 infoneetusinghoyg22o

Matt has been following the recent bankruptcy of the largest utility provider in the state of California, Pacific Gas & Electric (ticker: PCG). PCG's electrical power generating equipment is the prime suspect in the cause of the Northern California wildfire in November, 2018 that wiped out the town of Paradise, California. Matt decided to open a 200 share short stock position in Pacific Gas & Electric. When he opened his position, the bid price for PCG was $22.00 and the offer price was $23.50
When he closed his position a year later, the bid price for PCG was $17.90 and the offer price was $18.00
The commission rate is 2.5%
The risk-free annual interest rate is 2.5%
The annual short rebate rate is 1%
Assuming simple compounding of interest, what is Matt's gain or loss?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.

Answers: 3

Answer

Business, 21.06.2019 23:30

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Answers: 1

Answer

Business, 22.06.2019 07:30

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Answers: 1

Answer

Business, 22.06.2019 08:40

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Answers: 3

Answer

You know the right answer?

Matt has been following the recent bankruptcy of the largest utility provider in the state of Califo...

Questions