Problem

You wish to sell short 100 shares of XYZ Corporation stock. If the last two transactions...

You wish to sell short 100 shares of XYZ Corporation stock. If the last two transactions were at $34.12 followed by $34.25, you can sell short on the next transaction only at a price of

a. 34.12 or higher

b. 34.25 or higher

c. 34.25 or lower

d. 34.12 or lower

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Solutions For Problems in Chapter 3