On January 1, you sold short three round lots (that is, 300 shares) of Four...
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Finance
On January 1, you sold short three round lots (that is, 300 shares) of Four Sisters stock at $50 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 $49 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.)
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