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Assume that you open a 100 share short position in Jiffy, Inc. common stock at the bid - ask price of $32.00 - $32.50. When

Assume that you open a 100 share short position in Jiffy, Inc. common stock at the bid-ask price of $32.00 - $32.50. When you close your position the bid-ask prices are $32.50 - $33.00. If you pay a commission rate of 0.5%, calculate your profit or loss on the short investment?

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