Multiple Choice
Amber sells short 100 shares of MNOP stock at $62.50 per share and six months later purchases the shares at $58.00 each.Ignoring brokerage fees, Nancy will
A) earn a total profit of $112.50.
B) lose a total of $112.50.
C) earn a total profit of $1,112.50.
D) Lose a total of $101.25.
Correct Answer:
Verified
Correct Answer:
Verified
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