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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $21.70 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 Lowe's stock at $21.70 per share. On March 1, a dividend of S$1.20 per share was paid. On April 1, you covered the short sale by buying the stock at aprice of $16.00 per share. You paid 45 cets per share in commissions for each transaction a What is the proceeds from the short sale (et of commission)? Proceeds from the short sale b. What is the dvidend 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 $16.00 per share Total cost including commission d. What is the net gain from your transaction? Net gn eBook & Resources Raferences Worksheet Leanng Ojeve 0304 Compae the mechanios and ne anns of buying on magin nd shonsing

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