You are an investor and expect the price of a start-up’s shares to drop in the near future in response to an expected failure in technology. As a result, you sell 200 shares of this company at $17.50. How much would you earn or lose on this transaction if you repurchased the shares four months later at each of the following prices per share?
a. $14.75
b. $15.13
c. $21.25
d. $17.00