Purchasing the security to cover short-sale

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Suppose you short-sell 300 shares of XYZ stock when the bid price is $30.19 and ask price is $30.40 with a commissioncharge of 0.5%. Suppose you also pay commission charges for purchasing the security to cover the short-sale, how much profit have you made if you close the short-sale when the bid price is $29.66 and ask price is $29.87?

Reference no: EM131956871

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