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An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $49.50 per share.What is the amount of
An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $49.50 per share.What is the amount of gain or loss on the sale?
a.
$9,250 loss
b.
$600 loss
c.
$600 gain
d.
$12,750 gain
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