14. On August 8 of this year, Brent sold 500 shares of ADO stock for $24 a share. On September 6 of this year, he purchased 500 shares of ADO stock to cover his position. The transaction on August & A. was a short sale B. was a margin trade C. was a wrap transaction D. created a long transaction E. was a pooling transaction 15. The maximum loss you can incur on a short sale is A. limited to your initial equity. B. limited to your initial margin. C. limited to the margin loan plus interest. D. ZO E. unlimited 16. Ted recently inherited a large sum of money that he wants to invest in the stock market. Since he has no investment experience, he has decided that he would like to work with a professional who can explain the market to him and also manage his funds for him. Ted most likely needs the services offered by a(n) A. deep-discount broker. B. discount broker C. full-service broker D. online broker E. cyberbroker