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Celina short sells 1,090 shares of JBM Inc. for $41.50 per share suddenly the price of stock decrease to $37.35. She waited f

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Answer #1

Answer: Option(D) The total Loss in the transaction is $ 4,523.50  

a. Selling Price (1090*41.5) $ 45,235.00
b. Purchase Price (1090*45.65) $ 49,758.50
c. Loss on account of Short position $ (4,523.50)
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