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Mary recently visited a flea market. As she was passing one sales booth, she spotted an old clock. She liked the funky look of the
Mary recently visited a flea market. As she was passing one sales booth, she spotted an old clock. She liked the funky look of the clock, so she decided to offer the seller $20. After a bit of haggling, she ended up paying $25. As she was walking through the market with the clock later that day, someone came up to her and offered her $65 for it! Mary was both surprised and happy. If she sells the clock, what will be her capital gain? Would you say that this is a short-or long-term gain or loss? The will be $ short-term capital gain short-term capital loss long-term capital gain long-term capital loss
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