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Compute the profit of a short position on a bond if the price on the opening date (date short begins) is 112-17 and the price
Compute the profit of a short position on a bond if the price on the opening date (date short begins) is 112-17 and the price on the closing date is 108-30 (par = 1000).
A. 27.85 gain
B. 35.94 gain
C. 45.23 gain
D. 27.85 loss
E. 35.94 loss
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