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Arden purchased 5 5 5 shares of AMC common stock ( NYSE: AMC ) several years ago for $ 2 , 6 6 4 .
Arden purchased shares of AMC common stock NYSE: AMC several years ago for $ On April Arden sold the shares of AMC common for $ and then purchased shares of AMC preferred stock two days later for $ The AMC preferred stock is not convertible into AMC common stock.
What is Arden's deductible loss from the sale of the shares of AMC common stock?
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