Fundamentals of Derivatives Markets 2. Assume that an investor lends 100 shares of Jiffy, Inc. common stock to a short seller. The bidask prices are...

Fundamentals of Derivatives Markets2. Assume that an investor lends 100 shares of Jiffy, Inc. common stock to a short seller. The bidask prices are $32.00 ‐ $32.50. When the position is closed the bid‐ask prices are $32.50 ‐ $33.00.The commission rate is 0.5%. The market interest rate is 5.0% and the short rebate rate is 3.0%. Calculate the gain or loss to the lender. Assume the lender is not subject to a bid‐ask loss orcommissions.A. $164.00 lossB. $100.00 gainC. $100.00 lossD. $164.00 gain