(3 pts) Is the maximum possible loss on a short sale a) unli…

(3 pts) Is the maximum possible loss on a short sale a) unlimited or b) 100%? Explain.Submission Instructions:You may choose one of the following options to submit your answers:1). Type your complete answer directly in the answer field on Blackboard, OR2). Type only the final answer and “see answer on scratch paper” in the provided field, and show your handwritten work to the camera before proceeding to the next question.(IMPORTANT) After completing the assessment, please take a photo of any handwritten work, combine them into a single PDF, and upload it to the designated submission area on Blackboard.