The following is information on ABC Corp.'s stock: 1-Jul 1-Sep Bid 30.00 Bid 29.00 Ask 30.10 Ask
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Question:
The following is information on ABC Corp.'s stock:
1-Jul | 1-Sep | |||
Bid | 30.00 | Bid | 29.00 | |
Ask | 30.10 | Ask | 29.10 |
An investor shorts 100 shares on July 1st and covers on September 1st. What is the financial outcome?
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