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Question 6 (5 Marks) On January 1, you sold short 100 shares of Baker's stock at $42 per share. On April 1, a dividend of

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Question 6 (5 Marks) On January 1, you sold short 100 shares of Baker's stock at $42 per share. On April 1, a dividend of $6 per share was paid. On May 1, you covered the short sale by buying the stock at a price of $30 per share. What is the value of your account on May 1? Show all your calculations. 5 marks

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