Assume That You Purchase 100 Shares of Jiffy,Inc

Multiple Choice

Assume that you purchase 100 shares of Jiffy,Inc.common stock at the bid-ask prices of $32.00 - $32.50.When you sell,the bid-ask prices are $32.50 - $33.00.If you pay a commission rate of 0.5%,what is your profit or loss?

A) $0
B) $16.25 loss
C) $32.50 gain
D) $32.50 loss