On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $25.50 per share. On March 1, a dividend of $2.30 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $21.50 per share. You paid 25 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 $21.50 per share?

Total cost including commission

$

d.	What is the value of your account on April 1?

Value of account

$