Question
On January 1, you sold short two round lots (that is, 200 shares) of Four Sisters stock at $25 per share. On March 1, a
On January 1, you sold short two round lots (that is, 200 shares) of Four Sisters stock at $25 per share. On March 1, a dividend of $3.00 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $22 per share. You paid 50 cents per share in commissions for each transaction.
What is the value of your account on April 1?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
