Rayyan purchased $1000$ shares in Y Co$.$ in Year $1$ for $$5$ per share. Due to a decline in market value, Rayyan sold the shares on September $22,$ Year $2,$ when they were

trading for $$3$ per share. On October $3,$ Year $2,$ Rayyan repurchased $1000$ shares of $Y$ Co$.$ at $$2\mathrm{.}50$ per share. Which of the following is true for Rayyan?

Multiple Choice

Rayyan can recognize a $$2,000$ capital loss on the sale of the shares in the Year $2$ tax year.

Rayyan can recognize a $$2,000$ superficial loss on the sale of the shares in the Year $2$ tax year.

The adjusted cost base of Rayyan's new shares is $$4,500.$

The adjusted cost base of Rayyn's new shares is $$2,500.$