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    Percentage Gain or Loss on Investments

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    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?

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    Solution Preview

    There is a loss on this investment, as Graham covered the position at ...

    Solution Summary

    This solution shows how to compute an investor's percentage gain or loss on an investment.