On January 1, you sold short two round lots (i.e., 200 shares) of Four Sisters stock...

 

Transcribed Image Text:

On January 1, you sold short two round lots (i.e., 200 shares) of Four Sisters stock at $25 per share. On March 1, a dividend of $3.00 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $22 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1? (Negative amount should be indicated by a minus sign.) Account value On January 1, you sold short two round lots (i.e., 200 shares) of Four Sisters stock at $25 per share. On March 1, a dividend of $3.00 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $22 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1? (Negative amount should be indicated by a minus sign.) Account value

Answer rating: 100% (QA)

a b C d FOUR SISTERS PROCEED FROM SHORT SALE SALE VALUE ... View the full answer