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Assume Lizzie purchased 1,000 shares of Bubblegum Inc. for a total of $5,300. She later decides to sell 700 shares once it has risen to

Assume Lizzie purchased 1,000 shares of Bubblegum Inc. for a total of $5,300. She later decides to sell 700 shares once it has risen to $9.00.

Calculate her capital gain and her taxable capital gain. Calculation of the capital gain: (1 mark)

Calculation of the taxable capital gain: (1 mark)

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