Mathematics, 09.03.2021 02:00 tommyaberman

A sophisticated investor, B. Graham, sold 600 shares short of Amwell, Inc. at $42 a share. The price of the stock subsequently fell to $33 before rising to $47 at which time Graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places.

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A sophisticated investor, B. Graham, sold 600 shares short of Amwell, Inc. at $42 a share. The price...