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On January 1, you sold short 100 shares of Lexon stock at $18 per share. On March 1, a dividend of $2 per share was
On January 1, you sold short 100 shares of Lexon stock at $18 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? (8 points)
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