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You short sale 300 units of Star-link stock for $23 three months ago. Today you close out the position when the share price is $19.

You short sale 300 units of Star-link stock for $23 three months ago. Today you close out the position when the share price is $19. The shares qualify for a dividend of $0.50 per share during the three months.                                                                                                                                                                                How much does the investor gain or lose?

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