Richard decides to short-sell 1,000 shares of Enjoy Life Inc. at a market price of $10.00. The stock price of Enjoy Life Inc. further climbs to $13.00 after a couple of months and Richard is still holding his short position in the stock of Enjoy Life Inc. The stock price begins to decrease and finally reaches a stock price of $1.00. At this price, Richard decides to cover his position. If we discard commissions and other expenses, what will be his gain/loss? Gain = $900 Loss = $9,000 Gain = $9,000 Loss = $900