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An investor purchased 5 0 1 shares of common stock, $ 2 2 par, for $ 2 2 , 5 4 5 . Subsequently, 9

An investor purchased 501 shares of common stock, $22 par, for $22,545. Subsequently, 96 shares were sold for $32 per share. What is the amount of gain or loss on the sale?
a. $1,248 gain
b. $1,248 loss
c. $2,208 gain
d. $2,208 loss

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