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An investor purchased 200 shares of XYZ stock at $25 per share, plus a $300 brokerage commission. He then sold 100 shares of the XYZ
An investor purchased 200 shares of XYZ stock at $25 per share, plus a $300 brokerage commission. He then sold 100 shares of the XYZ stock at $35 per share, paying a $200 commission on the sale. He will record a
A) $1,000 gain on the sale of the investment.
B) $500 gain on the sale of the investment.
C) $650 gain on the sale of the investment.
D) $850 gain on the sale of the investment.
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