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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $11 per share. On March 1, a dividend
On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $11 per share. On March 1, a dividend of $2 share was paid. On April 1, you covered the short sale by buying the stock at a price of $6 per share. You paid 55 cents per share in commissions for each transaction. Required: What is the value of your account on April 1? (Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.)
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