試題詳解

64 “Short selling is a device whereby the speculator sells stock which he does not own, anticipating that the price will decline and that he will thereby be enabled to make delivery of the stock sold by purchasing it at a lesser price.” Based on the above description, if the decline materializes, what is the short seller’s profit?
(A) The difference between the first purchase price and the second lower sales price
(B) The difference between the first purchase price and the second lower purchase price
(C) The difference between the first sales price and the second lower sales price
(D) The difference between the first sales price and the second lower purchase price