On May 1, you sold short one “round lot” (i. e., 100 shares) of Zenith stock at $ 14 per share. On July 1, a dividend of $ 2 per share was paid. On August 1, you covered the short sale by buying the stock at a price of $ 9 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on August 1?
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