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You sold short 1,000 shares of a stock at $8. What is your profit or loss if the stock price falls to $5? O +$3,000

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You sold short 1,000 shares of a stock at $8. What is your profit or loss if the stock price falls to $5? O +$3,000 O None of the above O $5,000 O +$5,000 0 $3,000

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