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1. Randy has ten shares of stock that he bought on April 1, 2012, for $5 each. On March 1, 2013, he sells all of

1. Randy has ten shares of stock that he bought on April 1, 2012, for $5 each. On March 1, 2013, he sells all of the shares for $200. What is the income tax consequence of the sale?

A. $150 long term capital gain.

B. $150 short term capital gain.

C. $195 long term capital gain.

D. $195 short term capital gain.

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