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Bob, a stock market investor, purchases 3,000 shares in company X at $1.25 per share. The company subsequently announced that its closing a number of
Bob, a stock market investor, purchases 3,000 shares in company X at $1.25 per share. The company subsequently announced that its closing a number of its retail storesand the share price drops to to $0.86 per share. Wishing to minimise his losses, Bob decides to sell his shares. How much of a loss does Bob make? Do not include commas or the dollar sign in your answer .
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