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Problem 5 (10 marks). On January 1, you sold short one round lot (that is, 100 shares) of Four Sisters stock at $21 per share.
Problem 5 (10 marks). On January 1, you sold short one round lot (that is, 100 shares) of Four Sisters stock at $21 per share. On March 1, a dividend of $2 per share was paid. On I April 1, you covered the short sale by buying the stock at a price of $15 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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