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3. Determine whether Michelle has gain or loss from sale of investment. How much is the gain/loss? a. Gain, $12,000. b. Loss, $12,000. c. Neither

3. Determine whether Michelle has gain or loss from sale of investment. How much is the gain/loss? a. Gain, $12,000. b. Loss, $12,000. c. Neither Gain nor Loss, $0 d. Gain, $5,000 e. Loss, $5,000

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