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Suppose you desire to short-sell 100 shares of JKI stock, which has a bid price of $35.12 and an ask price of $35.31. You cover
Suppose you desire to short-sell 100 shares of JKI stock, which has a bid price of $35.12 and an ask price of $35.31. You cover the short position 180 days later when the bid price is $42.87 and the ask price is $43.06. What total return did you earn from this transaction?
21.9%
22.1%
-18.0%
-22.6%
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