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Aaron purchased 500 shares of Coral Co. stock 5 years ago for $12 per share. He purchased an additional 100 shares for $18 per share
Aaron purchased 500 shares of Coral Co. stock 5 years ago for $12 per share. He purchased an additional 100 shares for $18 per share last year. This year, Aaron sold 400 shares. If Aaron wishes to minimize his capital gain this year, what basis should he use to determine his gain?
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