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You sold short 300 shares of UML Co., now selling for $50 per share. If you want to limit your loss to $1,500, at what
You sold short 300 shares of UML Co., now selling for $50 per share. If you want to limit your loss to $1,500, at what price should you buy the shares?
a. $37.50
b. $62.50
c. $55.00
d. $59.75
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