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Jared executes a short sale of 1,000 shares of ABC at $50 that is subsequently covered at $45. What is his gain or loss? a.

Jared executes a short sale of 1,000 shares of ABC at $50 that is subsequently covered at $45. What is his gain or loss? a. Profit of $65,000. b. Profit of $5,000. c. Loss of $5,000. d. Loss of $60,000

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