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Lisa sells short 100 shares of XYZ stock at $35 per share. She then buys back the stock for $2,000. XYZ pays a dividend of
Lisa sells short 100 shares of XYZ stock at $35 per share. She then buys back the stock for $2,000. XYZ pays a dividend of $2.00 per share before she covers the short sale. What is Lisa's net gain of loss?
A. $1,300 loss
B. $1,300 gain
C. $1,500 loss
D. $1,500 gain
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