Amal gave his sister, Dora 100 shares of stock on April 3, 2018. Amal originally paid $3,100 for the stock on January 5, 2018. At the date of the gift, the fair market value of the stock was $2,800. If no gift tax is paid and Dora sells the stock for $2,700 on August 31, 2019, she will recognize:

Select one:

a. a short term capital loss

b. an ordinary loss

c. a long-term loss

d. no loss on the sale of stock given as a gift.