P&L Calc
Can you assist with below? seems too obvious but having trouble calc'ing... Thanks in advance
On March 1, 2021, the fair market value of XYZ Co's assets held at its Citi account is $10,200,000. On March 15, 2021 XYZ Co uses $1,000,000 cash held at Citi to buy shares that the company then holds in Citi. On March 25, 2021, XYZ Co transfers $1,750,000 from the bank to Citi and transfers $6,500,000 worth of options from its Citi account into its account at Mizuho. Broker fees for the month of March were $500,000, all paid out of the Citi account in March. On March 31, 2021, the fair market value of XYZ Co's assets held at Citi is $5,000,000. Assuming no other deposits or withdrawals to HSBC that month, what is the March 2021 Trading PnL at Citi
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