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1. Paul shorts 10,000 shares worth of stock A at a price of $14.40 and one year later Paul buys to cover this position when

1. Paul shorts 10,000 shares worth of stock A at a price of $14.40 and one year later Paul buys to cover this position when the price is 10 cents higher. There is a short fee of 1.86% on this transaction. What is your P&L?

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