Joan sold 100 shares of Arch Coal, Inc. short at $35. A couple weeks later, Arch Coal
was selling for $42 a share. What was Joan's gain or loss on this transaction? Explain.
(Ignore dividend payments and transactions costs.)

Question

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The Answer of Joan sold 100 shares of Arch Coal, Inc. short at $35. A couple weeks later, Arch Coal
was selling for $42 a share. What was Joan's gain or loss on this transaction? Explain.
(Ignore dividend payments and transactions costs.)

Joan Sold 100 Shares of Arch Coal, Inc