Question
Vin Diesel short sells 100 shares of XYZ at $35. He then covers the short sale by buying back the stock for $3,000. XYZ pays
Vin Diesel short sells 100 shares of XYZ at $35. He then covers the short sale by buying back the stock for $3,000. XYZ pays a dividend of $1.50 per share before he covers the sale. What is his net profit or loss
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
