Question
On January 1, you sold short four round lots (i.e., 400 shares) of Four Sisters stock at $63 per share. On March 1, a dividend
On January 1, you sold short four round lots (i.e., 400 shares) of Four Sisters stock at $63 per share. On March 1, a dividend of $1.50 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $58 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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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
