A sophisticated investor b graham sold 500 shares short of, Financial Management

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A sophisticated investor b graham sold 500 shares short of

A sophisticated investor, B. Graham, sold 500 shares short of Amwell,Inc. at $42 a share.

The price of the stock subsequently fell to $38 beforerising to $49 at which time Graham covered the position (that is,closed the short position).

What was the percentage gain or loss on thisinvestment?

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