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Jayne purchased General Motors stock 6 years ago for $20,000. In 2012, she sells the stock for $35,000. What is Jayne's gain or loss? a.

Jayne purchased General Motors stock 6 years ago for $20,000. In 2012, she sells the stock for $35,000. What is Jayne's gain or loss?

a. $15,000 Long-term

b. $15,000 Short-term

c. $15,000 Ordinary

d. $15,000 Extraordinary

e. No gain or loss is recognized on this transaction

Please show computations!

Thank You!

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