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On January 2, you sold short 1,000 shares of ABC stock at $27 per share. On...

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Finance

On January 2, you sold short 1,000 shares of ABC stock at $27per share. On March 2, a dividend of $1 per share was paid. OnApril 2, covered the short sale by buying the stock at a price of$25.75 per share. You paid $20 in commissions for the roundtrip($10 to short, $10 to cover). Assuming you have no other positions,what is the value of your account on April 2? Present your answerrounded to the nearest cent in this format, $123.45

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