Ms. Bodkin bought 500 shares of common stock of ABC Ltd. at $60
a share a few years ago. Currently, price per share of ABC's stock
is $100. Suppose she takes a short position of 400 shares at the
current price of $100. For the following possible spot price on the
settlement date, denoted by S1, calculate capital gain(loss) for
her total position in ABC's stock: (i)St = $120 (ii) St = $40 Does
her short position of 400 shares...