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An investor purchased 550 shares of common stock , $25 par, for $23.375. Later 100 shares were sold for $47 per share . What is
An investor purchased 550 shares of common stock , $25 par, for $23.375. Later 100 shares were sold for $47 per share . What is the amount of gain or loss on the sale?
a. $2,337 gain
b. $450 loss
c. $470 gain
d. $450 gain
e. None of the above
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