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Elmo Inc.’s stock is currently selling at $60 per share. For

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Elmo Inc.’s stock is currently selling at $60 per share. For each of the following situations (ignoring brokerage commissions), calculate the gain or loss that Courtney Schinke realizes if she makes a 100-share transaction. a. She sells short and repurchases the borrowed shares at $70 per share. b. She takes a long position and sells the stock at $75 per share. c. She sells short and repurchases the borrowed shares at $45 per share. d. She takes a long position and sells the stock at $60 per share.

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Elmo Inc.’s stock is currently selling at $60 per share. For

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