(Answered) Assume that you open a 100 share short position in jiffy

Finance

Assume that you open a 100 share short position in Jiffy Inc. common stock at the bid-ask price of $32.00-$32.50. When you close your position, the bid-ask prices are $32.50-$33.00. If you pay a commission rate of 0.5%, what is your profit or loss on the short investment?

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