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Last year you sold short 400 shares of stock selling at $96.96 per share. Six months later the stock had fallen to $47.84 per share.

Last year you sold short 400 shares of stock selling at $96.96 per share. Six months later the stock had fallen to $47.84 per share. Over the six-month period the company paid out two dividends of $1.18 per share. Your total commission cost for selling and buying the shares came to $111 Determine your profit or loss from these transactions.

Your profit (or loss) from these transactions is $_______

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