Question
Uptick Rule You wish to sell short 100 shares of XYZ Corporation stock. Assume the uptick rule is in effect. If the last two transactions
Uptick Rule You wish to sell short 100 shares of XYZ Corporation stock. Assume the uptick rule is in effect. If the last two transactions were $34.12 followed by $34.25, you can short on the next transaction only at a price of
a. $34.12 or higher.
b. $34.25 or higher.
c. $34.25 or lower.
d. $34.12 or lower
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Answer is Option B 3425 or higher The reason beh...
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
