Use the following information for Questions 6 and 7: The bid-ask spread for Southwest Airlines is always 0.25. You sell 100 shares of the stock of Southwest Airlines short when the bid price is 35.00. At the time of the sale, you pay a commission of 1%. Two months later, you cover your short position by buying 100 shares of stock of Southwest Airlines when the bid price is 30.75. Once again, you pay a commission of 1% 6. Calculate your profit on this transaction assuming there are no interest costs associated with the transaction. 7. What would the bid price need to be for you to break-even when you cover this trade assuming there are no interest costs associated with the transaction