You sell short 100 shares of merck at 30 per share one week, Financial Management

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You sell short 100 shares of merck at 30 per share one week

You sell short 100 shares of Merck at $30 per share. One week following your short sale, Merck announces it has found the cure for cancer and its stock price increases to $750 per share. Assume you placed a stop buy order at $100 when you sold short. Assume the stop buy order executed at $100. What is your total gain or loss (-)?

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Financial Management: You sell short 100 shares of merck at 30 per share one week

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Financial Management: You sell short 100 shares of merck at 30 per share one week

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