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1 . Aki purchased 1,000 common shares of LMN Resources five years ago at a market value of $22.50 per share. He paid a commission
1. Aki purchased 1,000 common shares of LMN Resources five years ago at a market value of $22.50 per share. He paid a commission of $475 on the trade. The stock is currently trading at $41 per share after a strong rally over the past six months. Aki feels the time is right to sell the stock. He calls his Investment Advisor to place the order and is reminded that the commission is $845 on the sale.
Calculate Akis gain or loss on the disposition of his shares.
- $17, 180
- $17, 230
- $20,263
- $40, 950
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