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Charlene Hickman expected the price of Bio International shares to drop in the near future in response to the expected failure of its new drug to be approved for sale. As a result, she sold short 2000 shares of Bio International at $2.75. How much would Charlene earn or lose on this transaction if she repurchased the 2000 shares four months later at each of the following prices per share?
a. $2.48
b. $2.51
c. $3.12
d. $2.20
Q
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