Assume That You Open a 100-Share Short Position in Jiffy,Inc

Multiple Choice

Assume that you open a 100-share short position in Jiffy,Inc.common stock at the bid-ask prices of $32.00 - $32.50.When you close your position,the bid-ask prices are $32.50 - $33.00.You pay a commission rate of 0.5%.The market interest rate is 5.0% and the short rebate rate is 3.0%.What is your additional gain or loss due to leasing the asset?

A) $64.00 loss
B) $160.00 loss
C) $96.00 gain
D) $0