Business
Business, 25.02.2020 00:51, aly5839

On January 1, you sold short three round lots (that is, 300 shares) of Four Sisters stock at $27 per share. On March 1, a dividend of $1.50 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $24 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1?

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On January 1, you sold short three round lots (that is, 300 shares) of Four Sisters stock at $27 per...

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