Question
On January 1, you sold one round lot (i.e., 100 shares) of High Q Helmets stock at $21 per share.On March 1, a dividend of
On January 1, you sold one round lot (i.e., 100 shares) of High Q Helmets stock at $21 per share.On March 1, a dividend of $2 per share was paid.On April 1, you covered the short sale by buying the stock at a price of $15 per share.You paid 50 cents per share in commissions for each transaction.What is the value of your account on April 1?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
