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6. The bid and ask prices for stock XYZ are as follows: Bob buys 100 shares on January 1 and sells them on July 1

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6. The bid and ask prices for stock XYZ are as follows: Bob buys 100 shares on January 1 and sells them on July 1 . His broker charges a 3% commission on all trades. The continuously compounded risk-free rate is 5%. Compute Bob's profit on the sale date, A. 232 B. 229 C. 72 D. 229 E. 232

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