Question
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43.
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares paid a dividend of $3 per share during the six months.
What is the investor's profit or loss?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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978-1408066621, 1408066629, 1408076861, 978-1408076866
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