Series 7 - General Securities Representative Exam
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A customer shorted 3,400 shares of ABC stock at $6.40 per share. The stock is now trading at $4.65 and the investor has her full position. What is the customer's realized gain or loss?
$2,975
A
-$5,950
B
0
C
$5,950
D
Explanations
Nothing here denotes that the position was sold. So, all gains are still unrealized. There is no realized gain or loss