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Question 1: John opened a 200-share short position in ABC stock at the bid-ask prices of 22.00-22.20. He closed his position in 2 steps: First,

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Question 1: John opened a 200-share short position in ABC stock at the bid-ask prices of 22.00-22.20. He closed his position in 2 steps: First, he closed 100 shares at the bid-ask prices of 18.60-18.80. Second, he closed the rest of his position at the bid-ask prices of 21.10-21.30. The commission rate is 3.0%. What is John's profit or loss

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