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Assume that you purchase 100 shares of XYZ, Inc. common stock at the bid-ask prices of $12.00- $12.1. When you sell, the bid-ask prices are

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Assume that you purchase 100 shares of XYZ, Inc. common stock at the bid-ask prices of $12.00- $12.1. When you sell, the bid-ask prices are $16.50 - $16.70. If you pay a fix commission of $7 for each transaction, what is your profit or loss? $426 gain $454 loss O $446 gain O $456 gain

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