Question: Hello, may i know the correct answer for this question as well as the full working? i have worked on the question and my final

Hello, may i know the correct answer for this question as well as the full working?

i have worked on the question and my final et profit on the transaction is $300, please let me know if i am right or wrong.

I will attach the question as well as my workings

Hello, may i know the correct answer for thisHello, may i know the correct answer for this
(2) On January 1, you sold short 100 shares of ABC stock at $21 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 $15 per share. You paid 50 cents per share in commissions for each transaction. What is the net profit of the investment on April 1? (9 Marks)The proceeds from the short sale (net of commision ) were : ($21 * 100) - 40.50 * 100) = $2050 A dividend payment of $ 200 ($2 x looshares) was withdrawn from the account. Covering the short sale at $ 15 per share costs (including commission ) ($15*100) + (+0.50 *100) $ 1500 + $ 50 $1550 Therefore, the value of your account is equal to the net profit on the transaction : $ 2050 - $ 200 - $1550 = $390 Noted that the profit of $300 # = (100 shares > profit per shove of $ 3 ) , your net proceeds per share were: $ 21 Selling pike of stock - $ 15 Repurchase price of stock Dividend per share - $1 2 trades x 4 050 commission pershare $3

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