Jocelyn sells short 1000 shares of JKLO stock at $31.25 per share and six months later purchases the shares at $29.00 each. Ignoring margin interest and brokerage fees, Nancy will

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Jocelyn sold short 1000 shares at $31.25, so she received $31,250. Six months later, she bought back the shares at $29.00 each, so she paid $29,000. Her total profit is $31,250 - $29,000 = $2,250.

Jocelyn Sells Short 1000 Shares of JKLO Stock at $31