Unformatted text preview: was initially $100. Since we have 100 units in FXC, we report a $2,000 gain on short position. At the end of 2008, the investment portfolio would report an overall loss of $500. This is because of our $2500 loss in EWC shares combined with our $2,000 gain in short-selling the FXC shares....
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This note was uploaded on 03/12/2012 for the course ACCT 211 taught by Professor Kamlet during the Spring '08 term at Binghamton.
- Spring '08