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Question 1 (8.33 points) Assume that you open an 80-share short position in Microsoft Corporation common stock at the bid-ask price of $198.35 - $198.45.

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Question 1 (8.33 points) Assume that you open an 80-share short position in Microsoft Corporation common stock at the bid-ask price of $198.35 - $198.45. When you close your position, the bid-ask prices are $199.06 - $199.13. If you pay a commission rate of 0.4%, what is your profit or loss on the short investment? $62.65 loss $49.00 loss $189.59 loss $176.00 loss

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