Fundamentals of Derivatives Markets 1. Assume that you open a 100 share short position in Jiffy, Inc. common stock at the bidask prices of $32.00 $32....

Fundamentals of Derivatives Markets1. 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. $96.00 gainB. $160.00 lossC. $0D. $64.00 loss