Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 06, 2024

You sold a share in Union Pacific (UNP) short at $40.91 and just bought to cover your short position at the price of $46.92. How

You sold a share in Union Pacific (UNP) short at $40.91 and just bought to cover your short position at the price of $46.92. How much profit or loss did you make on the transaction? $128.74 $87.83 (587.83) $6.01 (\$6.01)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Modeling Using Excel And VBA

Authors: Chandan Sengupta

1st Edition

0471267686, 978-0471267683

More Books

Students also viewed these Finance questions

Question

★★★★★

Ray and Carin are partners in an accounting firm. The partners have entered into an arm's length agreement requiring Ray to purchase Carin's partnership interest from Carin's estate if she dies...

Answered: 1 week ago

Question

★★★★★

The following information is provided for Lally Corporation for 2008 and 2009: Income before income taxes in 2008 included accrued rent revenue of $80,000 that was not subject to income taxes until...

Answered: 1 week ago

Question

★★★★★

board certification by the American Board of Forensic Psychology. (This aspect is preferred but not required.)

Answered: 1 week ago

Question

★★★★★

A restaurant bakes its own bread for $ 152 per unit (100 loaves), including fixed costs of $ 39 per unit. A proposal is offered to purchase bread from an outside source for $ 105 per unit, plus $ 12...

Answered: 1 week ago

Question

★★★★★

Chapman Company obtains 100 percent of Abernethy Company's stock on January 1,2020 . As of that date, Abernethy has the following trial balance: During 2020 , Abernethy reported net income of $97,000...

Answered: 1 week ago

Question

★★★★★

QUESTION 6 python What output is displayed from the following code block? score = 78 if score >=0 and score

Answered: 1 week ago

Question

★★★★★

A gas sample occupies a volume 5 ft3 a pressure of 30 psi and a temperature of 70F. What will be its volume if the pressure decreases to 15 psi and the temperature remains at 70F? Give answer to 2...

Answered: 1 week ago

Question

★★★★★

You are a consultant who's been asked to install a new server for a small business. Before you begin the installation process, make a checklist of information you should obtain before beginning the...

Answered: 1 week ago

Question

★★★★★

What can I improve with this policy? The objectives of this policy are to: achieve a safe workplace with zero harm to the environment; ensure a permanent Environment, Health and Safety (EHS) presence...

Answered: 1 week ago

Question

★★★★★

A machine with a cost of $64,008 has an estimated residual value of $4,747 and an estimated life of 6 years or 18,419 hours. It is to be depreciated by the units-of-activity method. What is the...

Answered: 1 week ago

Question

★★★★★

As we discussed in Module 2, the OWASP Foundation has developed a vulnerable web application called WebGoat that demonstrates common web application flaws and allows students to gain experience in...

Answered: 1 week ago

Question

★★★★★

Which appraisal problems from this chapter would help to explain the fairness and accuracy issues that sometimes arise in the companys appraisals?

Answered: 1 week ago

Question

★★★★★

Why does Kim Galvin think that, besides the human resources director, only an employee and his or her manager should review the employees performance review? What (if any) is the drawback of not...

Answered: 1 week ago

Question

★★★★★

Discuss how IBM could be saving money by spending $700 million per year on this program.

Answered: 1 week ago

Previous Question Next Question