10. On January 1, you sold one round lot (i.e., 100 shares) of High Q Helmets stock at $21 per share. On March 1, a
10. On January 1, you sold one round lot (i.e., 100 shares) of High Q Helmets stock at $21 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $15 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1?
a. $300
b. $900
c. $600
d. $150
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Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
