Suppose you as a short seller establish a short position in 150 shares of a company at $80 per share. The company pays a dividend of $2 per share each year. The brokerage firm as a lender of the shares to you requires loans to be collateralized 102% and offers the borrower of the securities 1.5% rebate on the collateral posted. Assume that commission and other transaction fees amount to 4 per share per trade.

What would be your net profit or loss as a short seller if the price declines $70 per share at the end of a year from to-day when the short position is liquidated?