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Riccardo bought 1 0 shares of Starlight, Inc. stock on March 2 0 last year. Ricardo paid $ 2 5 for each share. Riccardo appears

Riccardo bought 10 shares of Starlight, Inc. stock on March 20 last year. Ricardo paid $25 for each share. Riccardo appears to have made a good investment, as the price of Starlight, Inc. stock rose to $60 per share on April 1 of this year. However, the price suddenly dropped on rumors of faulty products. On October 10 of this year Starlight, Inc. declared bankruptcy and announced that the stockholders should not expect to receive anything on the liquidation of the corporation. What type of loss does Riccardo have this year, if any?
A.Short-term capital loss of $250
B.Short-term capital loss of $600
C.Long-term capital loss of $250
D.Long-term capital loss of $600.

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