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On January 1 2018 Lilah bought 1,000 shares of RCP Mutual Fund for $10,000 ($10 per share.) Lilah instructed the mutual fund to reinvest all

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On January 1 2018 Lilah bought 1,000 shares of RCP Mutual Fund for $10,000 ($10 per share.) Lilah instructed the mutual fund to reinvest all dividends in the Fund. On December 31, 2018 the Fund paid a $3.00 per share dividend. The Fund reinvested the dividend by purchasing 250 shares at $12 per share. On January 15, 2020 Lilah sold 600 shares of the Fund for $14 per share receiving $8400 of sales proceeds. Lilah uses the weighted average method to determine the gain or loss recognized on the transaction. What amount of gain or loss does Lilah recognize on the sale? Multiple Choice O $2.160 gain O $1200 gain - $900 gam $2.400 gain

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