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An investor purchases 100 shares for $8 on March 1, then sells the shares for $6.50 on March 21. If the investor repurchases the shares
An investor purchases 100 shares for $8 on March 1, then sells the shares for $6.50 on March 21. If the investor repurchases the shares on April 10, for $6.50 and holds them until May, what kind of loss is incurred from the March 21st sale?
A) there is no loss
B) superficial loss of $150
C) capital loss of $150
D) capital loss of $1.50
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