Multiple Choice
Kensington Company stock was selling at $132 a share when Charlotte sold 300 shares of the stock short. Today Charlotte bought 300 shares of the same stock at a price of $140 per share to cover her position. Ignoring trading costs, what is the dollar return on Charlotte's investment?
A) $2,400
B) -$800
C) $800
D) $-2,400
Correct Answer:
Verified
Correct Answer:
Verified
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