You sold a share in Vulcan Materials Co (VMC) short at $41.20 and just bought to cover your short position at the price of $47.71. How much profit or loss did you make on the transaction? $130.11 $6.51 $88.91 ($88.91) ($6.51)

You sold a share in Vulcan Materials Co (VMC) short at $41.20 and just bought to cover your short position at the price of $47.71. How much profit or loss did you make on the transaction? $130.11 $6.51 $88.91 ($88.91) ($6.51)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

You sold a share in Vulcan Materials Co (VMC) short at $41.20 and just bought to cover
your short position at the price of $47.71. How much profit or loss did you make on the
transaction?
$130.11
$6.51
$88.91
($88.91)
($6.51)

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