Sara purchased 100 shares of Novell stock for $12 a share on September 12, 2014. On August 28, 2015 , the price had fallen to $9. Concerned that the price might decline further, Sara sold her shares that day. On September 25, 2015, she re-purchased the stock when it was $11 a share. What is Sara's 2015 capital gain or loss on these transactions?

(a) $0

(b) $100 short-term loss

(c) $300 long-term loss

(d) $300 short-term olss