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You sold short 100 shares of AAA Inc at the current market price of $50 per share. Six months later the price of the stock

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You sold short 100 shares of AAA Inc at the current market price of $50 per share. Six months later the price of the stock is $75 per share and you close your short position at that time. What was the dollar profit from your short position? OA) 2,500 B) -2,500 C) -500 ODO OE) 500 You were hired as a consultant to Quigley Company, whose capital structure market value weights are 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of common stock is 11.25%, and the tax rate is 40%. What is Quigley's WACC (weighted average cost of capital)? OA) 8.48% B) 9.17% C) 8.82% OD) 9.54% OE) 8.15%

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