Problem $4-04$

A sophisticated investor, B$.$ Graham, sold $350$ shares short of Amwell, Inc. at $$54$ a share. The price of the stock subsequently fell to $$49$ before rising to $$74$ 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.

$\%$