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
48 A 公開發行公司(以下簡稱 A 公司)於會計年度終了,有相當盈餘,但考慮運用該盈餘作為擴增廠
房之用,遂決定以股東會特別決議發行新股之方式分派股息,股東可依其持股比例獲配股利。由於
公司法規定,須於發行新股變更登記後,始得發行股票,為便利 A 公司股東早日行使權利,A 公司
可先製發下列何種有價證券?
(A)公司債券 (B)公司股票 (C)新股認購權利證書 (D)新股權利證書