14

Last week, Seward Company stock was selling at $66 a share when Ryan sold 300 shares of the 14 stock short. Today Ryan bought 300 shares of the same stock at a price of $70 per share to ?cover his position, what is the dollar return on Rayan's investment 1 * (1 ) A) $1,200 B) -$400 C) $400 D) $-1,200 E. $33.90