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Ben, an avid day trader, buys and sells stock based on hot tips. He recently purchased Game Stop based on buzz from various websites. His

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Ben, an avid day trader, buys and sells stock based on hot tips. He recently purchased Game Stop based on buzz from various websites. His transactions are as follows: - On Februry 1, he purchased 100 shares of the stock for $150/ share, the stock was overvalued but the stock price continued to climb. - On March 1, he sold the 100 shares for $100/ share. He was so disappointed he thought the stock was a sure thing! - On March 20, he repurchased 85 shares for $110/ per share. The stock price started climbing again and he wanted a piece of the action. What is the adjusted cost basis of the stock purchased on March 20 ? A. $9,350 B. $12,800 C. $13,600 D. $14,350 E. None of the above

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