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Last year you sold short 400 shares of stock selling at $78.56 per share. Six months later the stock had fallen to $32.86 per share.

Last year you sold short 400 shares of stock selling at $78.56 per share. Six months later the stock had fallen to $32.86 per share. Over the six-month period, the company paid out two dividends of $1.81 per share. Your total commission cost for selling and buying the shares came to $157. Determine your profit or loss from these transactions.

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