You sell 600 shares short when the stock price is $37. Later, you close out the trade at a price of $33. Your statement will show a

Name: You sell 600 shares short when the stock price is $37. Later, you close out the trade at a price of $33. Your statement will show a
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Question

Quizplus · Accepted Answer

When you sell short, you profit from a decrease in the stock price. Here, the stock price decreased from $37 to $33, a difference of $4 per share. For 600 shares, the total gain is 600 shares * $4/share = $2400.

You Sell 600 Shares Short When the Stock Price Is