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Basic Question 13 of 16
A profitable short sale requires the seller to identify a stock that will ______
B. increase in price so that it can be repurchased at a higher price.
C. increase in price so that it can be repurchased at a lower price.
A. decline in price so that it can be repurchased at a lower price.
B. increase in price so that it can be repurchased at a higher price.
C. increase in price so that it can be repurchased at a lower price.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare positions an investor can take in an asset
calculate and interpret the leverage ratio, the rate of return on a margin transaction, and the security price at which the investor would receive a margin call
CFA® 2024 Level I Curriculum, Volume 3, Module 1.