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(1 point) It's January and you enter into a contract to purchase 100 shares of IBM stock at S50 a share on April 1. The

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(1 point) It's January and you enter into a contract to purchase 100 shares of IBM stock at S50 a share on April 1. The contract has a price of S5,000. But ir the market value of the stock goes up before April 1, you can sell the contract early for a profit In financial mathematics, what type of arrangement is this? This is a What is your position, long or shot? Enter the word in lower case leters)

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