You believe that the stock of MoabBikes will soon fall from its current price of $25 per share. You short 1,000 shares with your broker who has a 50% margin requirement. The price falls to $15 per share, but not before it pays a $5 dividend per share
Your commissions and other charges totaled $50. What was your total profit?
A) $5
B) $2,450
C) $2,500
D) $4,950
E) $9,950
Answer: D
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