Question 6 (1 point) Pierre Bouvier sold short 2,000 common shares of Glaxo Industries at $50 per share when the margin requirement was 130%. He bought back the shares a few months later when the share price was $38. During the period while Pierre was short the shares, the company paid a $2 per share dividend. Pierre used a discount broker who charged $27 for each trade of 1,000 shares or less and $0.03/share for each share over 1,000. Ignore taxes. Pierre's profit (or loss) on the trade was closest to $. 23,880 27,080 35,080 27.880 19,940 19,880