On Jan 1, you sold short 100 shares of Apple stock at $140 per share. On...

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On Jan 1, you sold short 100 shares of Apple stock at $140 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $120 per share. What is the value of your account on April 1? On Jan 1, you sold short 100 shares of Apple stock at $140 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $120 per share. What is the value of your account on April 1?

Answer rating: 100% (QA)

To solve this problem we need to calculate the gain or loss from the short sale transa... View the full answer