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Helen holds 1 , 5 0 0 shares of Fizbo Incorporated stock that she purchased 1 1 months ago. The stock has done very well

Helen holds 1,500 shares of Fizbo Incorporated stock that she purchased 11 months ago. The stock has done very well and has appreciated $39/share since Helen bought the stock. When sold, the stock will be taxed at capital gains rates (the long-term rate is 15 percent and the short-term rate is the taxpayers marginal tax rate). Ignore the time value of money.

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