Business, 06.03.2020 06:50 c4thegoat

On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $19.70 per share. On March 1, a dividend of $2.40 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $13.50 per share. You paid 30 cents per share in commissions for each transaction. a. What is the proceeds from the short sale (net of commission)? Proceeds from the short sale $ b. What is the dividend payment? Dividend payment $ c. What is the total cost, including commission, if you have to cover the short sale by buying the stock at a price of $13.50 per share? Total cost including commission $ d. What is the value of your account on April 1? Value of account $

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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $19.70 per share...

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