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You are given today's bid-ask prices for two stocks. Cooper short sells 10 shares of stock A, and Cole short sells 10 shares of stock

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You are given today's bid-ask prices for two stocks. Cooper short sells 10 shares of stock A, and Cole short sells 10 shares of stock B. Stock A has a bid price of 75.5 and ask price of 75.65. Stock B has a bid price of 90.6 and ask price of 90.8. At the end of one year, Cooper closes his position at 75 -0.2X per share, while Cole closes his position at 75 + 0.5X per share. The annual effective rate of interest is 5%. They earn the same dollar amount of profit on the transactions, which equals X. Calculate X. O A. 63 O B. 76 O C. 88 O D. 97 O E. 123

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