Series 7 - General Securities Representative Exam
A trader bought 1200 shares of BIG company at $52. He sold 1/3 of his position at $54. What is his unrealized gain?
He sold 400 shares at 54. That's a realized gain of $800. He has 800 shares remaining with a $2 unrealized gain on them. The $1600 gain is unrealized because he has not sold the shares yet.