Assume that the price of ABC common stock fell from in a short period of time from $105 to $84.Which of the following investors probably made the most money,if all of these transactions occurred prior to the drop in price?
A) Abe took a long position in 1000 shares of ABC
B) Bert took a short position in 1000 shares of ABC
C) Carrie kept her money in CDs at the bank
D) Darren shorted 2000 shares of ABC using a margin loan
E) Earl used a margin loan to finance a 2000 share long position in ABC
Correct Answer:
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