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An investor shorted 100 shares of a stock on Jan 26 at a price of $12 per share. He bought back the stock at a
An investor shorted 100 shares of a stock on Jan 26 at a price of $12 per share. He bought back the stock at a price of $10 per share a week later and returned it to the lender. On Jan 28, the stock paid a dividend of 60 cents per share. Ignoring any lending fees, what is the profit of this transaction to the short selling investor?
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