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You sell short 100 shares of Bear Co. when its stock price equals $70 per share. Ignoring transaction costs, at what price per share would
You sell short 100 shares of Bear Co. when its stock price equals $70 per share. Ignoring transaction costs, at what price per share would your profit be negative?
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Zero
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$70
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Any price under $70
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Any price over $70
Please provide an explanation for the answer.
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