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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $27.70 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 $27.70 per share. On March 1, a dividend of $3.30 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $22.00 per share and returned your borrowed shares. You paid 25 cents per share in commissions for each transaction. What is the dividend payment? (Round your answer to 2 decimal places.)
Dividend payment: $
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