Exam (elaborations)
FINRA Series 7 Test Prep Questions with Correct Answers
- Module
- Institution
Opposite of Buy Long Hold Sell Short Write an investor is long 1 XYZ Dec 40 call at 3. just prior to the close of market on the final trading day before expiration, xyz stock is trading at 47. what is the gain/loss to the investor? ANSWER: The investor is long the contract so they have already p...
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