a 1. Suppose you short-sell 300 shares of XYZ stock which has a bid price...
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a 1. Suppose you short-sell 300 shares of XYZ stock which has a bid price of $31.20 and an ask price of $32.19. You cover the short-sale position after one year when the bid price is $30.00 and the ask price is $29.40. How much profit have you made in the short-sale (assume the commission charge is 0.5%.). b. Assume the commission is x%, and you earn a profit of $100. Find the value of x. a
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