Question 7 0/2 pts Bill inherited 5000 shares of Exxon stock two years ago from his father estate when the FMV was $ 90 per share. On November 10th of the current year Bill sold 1000 shares of Exxon for $60 per share. By Christmas, Bill was feeling sentimental and bought 1000 shares of Exxon back at $67 per share to relieve his guilt for his earlier greed & lack of respect for his fathers money, Bill's gain or loss is: $3,000 realized long term capital loss $7,000 realized short term capital loss $30,000 recognized loss $30,000 realized long term capital loss that is recognized and a $67,000 basis in the last 1000 shares be purchased