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Investor X short-sells 350 shares of XYZ Telecom., now selling for $60 per share. What is his maximum possible loss? * a. $60 b. $350

Investor X short-sells 350 shares of XYZ Telecom., now selling for $60 per share. What is his maximum possible loss? *

a. $60

b. $350

c. $21,000

d. Unlimited

e. None of the above

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