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Basic Question 7 of 16
When Frank repurchases 100 shares of Intel, which he shorted, he is ______.
B. covering a short position
C. profiting from a reverse split
D. buying on an uptick
A. buying on margin
B. covering a short position
C. profiting from a reverse split
D. buying on an uptick
User Contributed Comments 2
| User | Comment |
|---|---|
| rfvo | or Closing his short position. |
| dipu617 | Thanks rfvo. |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare positions an investor can take in an asset
calculate and interpret the leverage ratio, the rate of return on a margin transaction, and the security price at which the investor would receive a margin call
CFA® 2024 Level I Curriculum, Volume 3, Module 1.