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On January 1 , you sold short one round lot ( that is , 1 0 0 shares ) of Lowe's stock at $ 1

On January 1, you sold short one round lot (that is,100 shares) of Lowe's stock at $19.00 per share. On March 1, a dividend of $2.60 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $13.00 per share. You paid 20 cents per share in commissions for each transaction. a. What is the proceeds from the short sale (net of commission)? Proceeds from the short sale $ b. What is the dividend payment? Dividend payment $ c. What is the total cost, including commission, if you have to cover the short sale by buying the stock at a price of $13.00 per share? Total cost including commission $ d. What is the value of your account on April 1? Value of account $

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