A sophisticated investor, B. Graham, sold 500 shares 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 this investment?© BrainMass Inc. brainmass.com October 10, 2019, 6:27 am ad1c9bdddf
There is a loss on this investment, as Graham covered the position at ...
This solution shows how to compute an investor's percentage gain or loss on an investment.