Kelly sold 500 shares short at $41 a share. The stock price fell to $38 before rising to $48 at which time she closed the short position. What was her: a. \$gain or loss: b. \% gain or loss: 12. Arnold bought 200 shares of stock for $25 a share. The margin requirement was 40%. The interest rate is 8% on the borrowed funds. The stock was sold for $31. a. How much was the cash invested? b. What is the net gain or net loss? c. What was the net return percentage? 12 Arnold bought 200 shares of stock for $25 a share. The margin requirement was 40%. The interest rate is 8% on the borrowed funds. The stock was sold for $31. a. How much was the cash invested? b. What is the net gain or net loss? c. What was the net return percentage