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Assume that you open a 100 share short position in Jiffy, Inc. common stock at the bidask prices of $32.00 $32.50. When you close your
Assume that you open a 100 share short position in Jiffy, Inc. common stock at the bidask prices of $32.00 $32.50. When you close your position the bidask prices are $32.50 $33.00. You pay a commission rate of 0.5%. The market interest rate is 5.0% and the short rebate rate is 3.0%. What is your additional gain or loss due to leasing the asset? A. $96.00 gain B. $160.00 loss C. $0 D. $64.00 loss
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