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You believe a stock is poised for a decline and wish to short it. You sell short 510 shares at a price of 37.37 while

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You believe a stock is poised for a decline and wish to short it. You sell short 510 shares at a price of 37.37 while having cash equity in your account of 10000 The stock you short increases to a price of 44.47 What is the profit or loss on the trade as a percentage (ignore transaction costs)? 0.4115 0.3458 0.3621 0.3811 0.3972

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