Taking into account only the bid and ask prices

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Reference no: EM132063230

Suppose you desire to short sell 500 shares of ABC stock, which has a bid price of 25.12 and an ask price of 25.31. You close the short position 200 days later when the bid price is 22.87 and the ask price is 23.06. Taking into account only the bid and ask prices (no commision/interest) what did you earn?

Reference no: EM132063230

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