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2. The bid and ask prices for a certain stock are as follows: February 25 35.22 35.37 August 25 39.65 39.80 Bid Ask Fred enters
2. The bid and ask prices for a certain stock are as follows: February 25 35.22 35.37 August 25 39.65 39.80 Bid Ask Fred enters into a short sale on February 25 for 100 shares. He covers his short position on August 25. The broker's commission is $10 per transaction. What is Fred's profit or loss on the short sale
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