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a. You take a long position and the stock's price declines to $48.35. $ b. You sell the stock short and the price declines to

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a. You take a long position and the stock's price declines to $48.35. $ b. You sell the stock short and the price declines to $48.35. $ c. You take a long position and the price rises to $61.65. $ d. You sell the stock short and the price rises to $61.65. $

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