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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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