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Jocelyn sold 1000 shares of JKLO stock short at $31.25 per share. Six months later Jocelyn covered her position by buying the shares at $29.00

Jocelyn sold 1000 shares of JKLO stock short at $31.25 per share. Six months later Jocelyn covered her position by buying the shares at $29.00 each. Ignoring margin interest and brokerage fees, Nancy will

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earn a total profit of $3,125.

lose a total of $2,250.

lose a total of $2,900.

earn a total profit of $2,250.

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