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10. Ms. Jennifer owns a 1000 shares on Ford Ltd. They have adjusted cost base to be $24 per share. On August 24th,2016, she sells

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10. Ms. Jennifer owns a 1000 shares on Ford Ltd. They have adjusted cost base to be $24 per share. On August 24th,2016, she sells all the shares at $12.50 per share and acquire 600 shares of Ford at a cost of 15 per share and hold on to the shares till the end of the year. What are the tax consequences of such transactions? (4 marks)

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