Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Is 800 correct? if so why? On January 1, you sold short two round lots (that is, 200 shares) of Four Sisters stock at $58
Is 800 correct? if so why?
On January 1, you sold short two round lots (that is, 200 shares) of Four Sisters stock at $58 per share. On March 1, a dividend of $1.50 per share was pald. On April 1, you covered the short sale by buyling the stock at a price of $60 per share. You pald 50 cents per share In commissions for each transaction What Is the value of your account on April 1? (Negative amount should be Indicated by a minus sign. Account valueS (800)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started