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Shares of company ELMO are currently sold at $60. Calculate what gains or losses the investor expects if he makes the following transactions with full

Shares of company ELMO are currently sold at $60. Calculate what gains or losses the investor expects if he makes the following transactions with full lots:

a) Short sale and then repurchase of shares borrowed at $70.

b) "Long buy" and then sale of shares at $75.

c) Short sale and repurchase of shares borrowed at $45.

d) "Long buy" and then sale of shares at $60.

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