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An investor shorts 100 shares of a stock when the share price is $50 and closes out the position one week later when the share

An investor shorts 100 shares of a stock when the share price is $50 and closes out the position one week later when the share price is $48. The stock pays a dividend of $1.5 per share during the week. Assume that the risk free interest rate is zero. How much does the investor gain?

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