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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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