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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $26.00 per share. On March 1, a dividend of $3.50 per share was paid. On April 1, you covered the short sale by buying
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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $26.00 per share. On March 1, a dividend of $3.50 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $17.00 per share. You paid 15 cents per share in commissions for each transaction. a. What is the proceeds from the short sale (net of commission)?

User Kardu
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Is this actually college question :<

User Tstoev
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