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10. A short-seller shorted 10 shares of Facebook three months ago at the price of $180/share. He later covered his short posi
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Answer #1
Answer: Option [b] $300
Explanation and calculation:
Sale value = 10*$180 = $               1,800
Buy value = 10*$150 = $               1,500
Profit = 1800-1500 = $                  300
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