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Ashley bought 1 0 0 shares of a 2 0 - year finite - lived preferred stock for $ 5 9 . 6 5 per

Ashley bought 100 shares of a 20-year finite-lived preferred stock for $59.65 per share with a discount rate of 6%. The stock paid an annual dividend of $7.75 per share for the 20 years that she held the stock. She sold the stock at the end of its finite life for $108.24 per share. What was the capital gain on this transaction?

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