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On January 1 you sold short one round lot (that is, 100 shares) of Snow's stock at $2770 per share. On March 1, a dividend

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On January 1 you sold short one round lot (that is, 100 shares) of Snow's stock at $2770 per share. On March 1, a dividend of $330 per share was paid. On April t you covered the short sale by buying the stock at a price of $22.00 per share you paid 25 cents per share in commissions for each transaction Required: .. 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 $22.00 per share? What is the total cost, including commission, if you have to cover the short sale by buying the stock at a price of $22.00 per share? Total cost inchiding commission d. What is the net gain from your transaction? Net gan is 200

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