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An investor holds two positions:
Short shares worth $10,000 where the proportional bid-offer spread is 0.030, and
Long shares worth $17,000 where the proportional bid-offer spread is 0.040
What is the approximate cost to the investor to unwind this two-position portfolio?
A
$490.00
B
$750.00
C
$980.00
D
$1,300.00