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a person owns 400 shares of XYZ common stock which cost $20,000. XYZ then had a 2-for-1 stock split. After the split, the person sold

a person owns 400 shares of XYZ common stock which cost $20,000. XYZ then had a 2-for-1 stock split. After the split, the person sold 100 shares for $10,000. How much gain (or loss) resulted from the sale?

a. $3750 Loss

b. $7500 loss

c. $3750 Gain

d. $7500 Loss

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