Elizabeth short sold 400 shares of stock at 72 share one


Elizabeth short sold 400 shares of stock at $72 a share. One month later, she covered the short at a price of $68. What was her total dollar return on this investment?

A) -$2,400

B) -$1,800

C) -$920

D) $1,600

E) $2,200

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Financial Management: Elizabeth short sold 400 shares of stock at 72 share one
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