Assume that you open a 300-share short position in XYZ common stock at $30.19 with commission of 0.5%. When you close your position the stock price is $29.87 and you have to pay a commission rate of 0.5%. Calculate your profit or loss on this short investment (assume r = 0)?
(a) About $12.50 gain
(b) About $5.91 gain
(c) About $5.91 loss
(d) About $12.50 loss
(e) None of the above