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Business, 23.03.2020 16:55 ajatez8813

A customer is short 100 shares of ABC stock at $40 per share. The stock goes up to $50 and the customer covers the position. If, 30 days later, the customer decides to re-establish this short position when the market for ABC is $55, which of the following statements are TRUE?

I The loss deduction is disallowed
II The loss is allowed
III The sales proceeds are $45 per share
IV The sales proceeds are $55 per share

A. I and III
B. I and IV
C. II and III
D. II and IV

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A customer is short 100 shares of ABC stock at $40 per share. The stock goes up to $50 and the custo...
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