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Mr. Punjeet is a registered security-dealer them to its customers of $25 each. He also acquires 200 stocks for $10 each that he holds as
Mr. Punjeet is a registered security-dealer them to its customers of $25 each.
He also acquires 200 stocks for $10 each that he holds as investment, with a FMV of 20 each
Task: Compute Mr. Punjeet capital gain, if any
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