Calculating long and short position profits
Given that Hometown Care, Inc.'s stock is currently selling for $50 a share, calculate the amount of money that Calvin Haskins will make (or lose) on each of the following transactions. Assume all transactions involve 100 shares of stock, and ignore brokerage commissions. Input all answers as positive values.
He short-sells the stock and then repurchases the borrowed shares at $55.
Total loss of $ ___________
He buys the stock and then sells it some time later at $55.
Total gain of $ ____________
He short-sells the stock and then repurchases the borrowed shares at $40.
Total gain of $ _____________