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In Year One, an investor buys shares of Company A for $7,000 and shares of Company B for $13,000. By the end of that year,
In Year One, an investor buys shares of Company A for $7,000 and shares of Company B for $13,000. By the end of that year, each investment has increased in value by $1,000. During Year Two, the shares of Company A are sold for $10,200. The investor then buys shares of Company C for $11,000. At the end of Year Two, the shares of Company B are worth $13,100 whereas the shares of Company C are worth $11,500. If all of these investments are viewed as trading securities, what is the total impact on the investor's net income for Year Two?
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