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You believe that ESTA Corp. stock is too high and you short it at $67 per share (1,000 shares). A month later when you cover
You believe that ESTA Corp. stock is too high and you short it at $67 per share (1,000 shares). A month later when you cover your short position the stock price is $62 per share. What is your profit?
- A. -$5,000
- B. -$5
- C. $0
- D. $5,000
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