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On February 1 , you sold short one round lot ( 1 0 0 shares ) of XYZ Corp stock at $ 2 5 per

On February 1, you sold short one round lot (100 shares) of XYZ Corp stock at $25 per share. You deposit just enough cash to satisfy the initial margin requirement of 60%. On April 1, a dividend of $1.50 per share was paid. On June 1, you covered the short sale by buying back the stock at a price of $20 per share. You paid 75 cents per share in commissions for each transaction. Calculate the value of your account (including your initial cash deposit) on June 1.
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