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Problem 7-41 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] John bought 1,300 shares of Intel stock on October 18,
Problem 7-41 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] John bought 1,300 shares of Intel stock on October 18, 2018, for $36 per share plus a $750 commission he paid to his broker. On December 12, 2022, he sells the shares for $51.50 per share. He also incurs a $1,000 fee for this transaction. Problem 7-41 Part c (Algo) Required: c-1. What is the gain/loss for John on the sale of his Intel stock? c-2. What is the character of the gain/loss? Complete this question by entering your answers in the tabs below. Required C1 Required C2
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