Explain the difference between a long position and a short position. Considering call options, what is the

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Explain the difference between a long position and a short position. Considering call options, what is the maximum gain and loss possible for an investor who holds the long position? What is the maximum gain and loss for the investor on the short side of the transaction?
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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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