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Consider an investor bought 100 shares of Boeing Company for $87 per share. If after hitting a recent low of $73 per share, the investor
Consider an investor bought 100 shares of Boeing Company for $87 per share. If after hitting a recent low of $73 per share, the investor later sold the shares for $84 per share, what is the perceived gain or loss if the reference point is the recent low price?
Group of answer choices
A. -$300
B. +$400
C. $1,100
D. $1,800
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