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Last year you sold short 400 shares of stock selling at $102.13 per share. Six months later the stock had fallen to $59.44 per share.
Last year you sold short 400 shares of stock selling at $102.13 per share. Six months later the stock had fallen to $59.44 per share. Over the six-month period the company paid out two dividends of $1.45 per share. Your total commission cost for selling and buying the shares came to $96. Determine your profit or loss from these transactions.
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