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Jimmy is an investor who purchases 850 shares in ABC stock during the beginning of the year and sells 300 shares on August 1. Total
Jimmy is an investor who purchases 850 shares in ABC stock during the beginning of the year and sells 300 shares on August 1. Total proceeds of the sale are $3,250. Jimmy's purchase schedule is shown below:
January 1: 100 shares at $9.09
February 1: 50 shares at $7.04
March 1: 200 shares at $8.00
April 1: 300 shares at $5.50
May 1: 200 shares at $6.25
Jimmy's possible minimum gain is closest to:
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