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On January 1, you sold short one round lot (i.e., 100 shares) of Zenith stock. The price per share on January 1 was $14.25 ask,

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On January 1, you sold short one round lot (i.e., 100 shares) of Zenith stock. The price per share on January 1 was $14.25 ask, $14 bid. per share. On March 1, a dividend of $2 per share was paid. On April 1, you closed out the short sale by buying the stock. The price per share on April 1 was $10.50 ask, 10.25 bid. You paid 50 cents per share in commissions for each transaction (.e., 50 cents per share when you sell, 50 cents per share when you buy). In addition, on March 31, the stock underwent a two-for-one split and the CEO of Zenith announced major price cuts of 10% for all product lines. What are the proceeds from the short-sale (net of commissions)

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