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Business, 20.04.2020 23:22 arivalen

Director X of the ABC Corporation, listed on the NYSE, has engaged in the following transactions in ABC's stock:
January 1, 2017 -purchased 300 shares of ABC stock for $30 per share
January 15, 2017- sold 300 shares of ABC stock for $35 per share
January 30, 2017 -purchased 300 shares of ABC stock for $25
February 3, 2017 -sold 300 shares of ABC stock for $20
1. Which of the following is correct?
A)The director has a net loss so there are no short-swing profits.
B)The director has a net gain of $15 x 300 shares or $4,500.
C)The director is not subject to the restrictions on short-swing profits.
D)none of the above

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