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After researching Valero Energy common stock, Sandra Pearson is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 250 shares of Valero Energy. At the time of the sale, a share of common stock has a value of $33. Three months later, Valero Energy is selling for $27 a share, and Sandra instructs her broker to cover her short transaction. Total commission to buy and sell the stock were $68.
What is her profit for this short transaction?
Round your answer to the nearest whole dollar. Do not include the comma, period, and "$" sign in your response.
Which of the following is (are) an example of short-run exposure to exchange rate risk:
What is the standard deviation of these returns?
CASE STUDIES IN FINANCE (FIN3CSF) - The development of a spreadsheet model representing the cash flows associated with the power station project, and the assessment of the project using a range of capital budgeting evaluating techniques
Patton Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 12% and its marginal tax rate is 40%. The current stock price is P0 = $33.00. The last dividend was D0..
Bond price for a 20 year Mining and manufacturing bond is selling for $875.28. Bond pays semi-annual coupon of $20 and has par value of 1,000. You only want to hold the bond for 5 years at which you believe you can sell the bond to yield 6%. What is ..
What is the risk-free rate on the treasury bonds?
The following is summary of information presented on the financial statements of a company on December 31, 2015. Account 2015 2014 Net Sales Revenue $600,000 $500,000 Cost of Goods Sold 450,000 400,000 Gross Profit $150,000 $100,000 What would a hori..
Z. Company plans to raise $100 million. The flotation cost is expected ti be 8% issuing debt, 6% for issuing preferred stock and 5% for issuing common stock. How much additional capital will they need ti raise in order ti procure a net amount of $100..
Aqua System Inc. expects to have $23,911,800 in credit sales during the coming year. Currently, all checks are sent to the home office. A proposed lockbox system can eliminate 2 days of float, releasing funds which, when invested, will earn 11.01 per..
What is the initial weighted average cost of capital? - If the firm has $27.5 million in retained earnings, at what size capital structure will thefirm run out of retained earnings?
Write a case study of a firm that has issued convertible securities (preferred or bond). Discuss why the firm issued the convertible securities. Discuss problems that firm had in issuing the convertible securities. Review a convertible bond issued. D..
Sisi Huang received $12,000 from a lottery. She uses this money to purchase two dif- ferent annuities, each costing $6,000. The first annuity is a 24-year annuity-immediate paying $K per year, and the second is an 8-year annuity-immediate paying $2K ..
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