The price of the stock subsequently fell to 38 before


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 before rising to $49 at which time Graham covered the position that is closed the short position. What was the percentage gain or loss on the investment. Please explain.

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Finance Basics: The price of the stock subsequently fell to 38 before
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