Which of the following statement(s) is(are) incorrect about short-selling?

i) Short-selling a stock involves selling a borrowed share.

ii) Covering the short position means to return the borrowed share by buying it from the market at a pre-determined price

iii) Short-selling position is profitable when the asset falls in value.

(i) and (ii)

(ii) only

(i) and (iii)

(i) only