On january 1 you sold short two round lot of snowrsquos, Ask an Expert

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On January 1, you sold short two round lot of Snow’s stock at $21 per share. On March 1, a dividend $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $17per share. You paid 50 cents per share in commissions for each transaction. What is the balance of your account? Annual interest rate is 10%.

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Financial Management, Finance

Category:- Financial Management
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