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Sports Spectacular purchased 1 , 9 0 0 shares of ( 8 % ) stock in The Athletic Warehouse for $ 2 0 per share.
Sports Spectacular purchased shares of stock in The Athletic Warehouse for $ per share. By the end of the year, the stock price has increased to $ per share. How would the change in stock price affect Sports Spectacular's net income?
Multiple Choice
Increase net income by $
Increase net income by $
No effect.
Increase net income by $
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