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Your grandmother gave you stock that she bought ten years ago for $1,000. At the time of the gift the stock had a fair market

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Your grandmother gave you stock that she bought ten years ago for $1,000. At the time of the gift the stock had a fair market value of $11,000. You sell the stock one-month later for $12,000. What is your gain? a. $3,000 b. $1,000 c. $9,000 d. $11,000 e. $10,000

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