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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $23.70 per share. March 1, a dividend of

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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $23.70 per share. March 1, a dividend of $2.80 per share was paid. On April 1, you covered the short sale by buying the at a price of $19.00 per share. You paid 10 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

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