Last week, Seward Company stock was selling at $66 a share when Ryan sold 300 shares of the stock short. Today Ryan bought 300 shares of the same stock at a price of $70.00 share to cover his position
Ignoring trading costs, what is the dollar return on Ryan's investment?
A) $1,200
B) -$400
C) $400
D) $-1,200
Answer: D
Business
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