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Jocelyn sells short 1000 shares of JKLO stock at $31.25 per share and six months later purchases the shares at $29.00 each. Ignoring margin interest
Jocelyn sells short 1000 shares of JKLO stock at $31.25 per share and six months later purchases the shares at $29.00 each. Ignoring margin interest and brokerage fees, Nancy will
A.
earn a total profit of $3,125.
B.
Lose a total of $2,250.
C.
lose a total of $2,900.
D.
earn a total profit of $2,250.
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