Elizabeth Short Sold 500 Shares of Stock at $25 a Share

question 100

Multiple Choice

Elizabeth short sold 500 shares of stock at $25 a share. One month later, she covered the short at a price of $22. What was her total dollar return on this investment?

• A)−$2,400
• B)−$1,800
• C)$1,500
• D)$1,600
• E)$1,800

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Definitions:

Emergency Treatment

Medical care administered for acute conditions or injuries requiring immediate attention.

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The process of providing comprehensive information about a medical treatment or procedure to a patient, so they can voluntarily decide to proceed.

Audit

An examination of the financial records of an organization to determine whether those records are a fair representation of the actual financial health of the institution.

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Documents that outline an entity's transactions, financial history, and condition, such as balance sheets and income statements.