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Last Week, Seward Company Stock Was Selling at $66 a Share

Question 91

Multiple Choice

Last week, Seward Company stock was selling at $66 a share when Ryan sold 300 shares of the stock short.Today Ryan bought 300 shares of the same stock at a price of $70.00 share to cover his position.Ignoring trading costs, what is the dollar return on Sam's investment?


A) $1,200
B) -$400
C) $400
D) $-1,200

Correct Answer:

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