问题 单项选择题

Randy Smith called his broker, Pare Durbin, and asked her to borrow 100 shares of Zylex Corp. stock. Randy then sold the stock at the current market price of $45 while anticipating that Durbin would be able to buy the stock back for him at a lower price in the future. What type of order did Smith place()

A. Short sale.

B. Market order.

C. Margin order.

答案

参考答案:A

解析:

The objective of a short sale is to sell borrowed securities at the current market price and then replace them with the same securities purchased at a lower price.

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