310 7 4

Arden purchased 360 shares of AMC common stock several years ago for $2,592. On April 30, Arden sold the shares of AMC common for $864 and then purchased 310 shares of AMC preferred stock two days later for $1,550. The AMC preferred stock is not convertible Into AMC common stock. What is Arden's deductible loss from the sale of the 360 shares of AMC common stock? Deductible loss