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  3. an investor purchased 507 shares of common stock,

An investor purchased 507 shares of common stock, $20 par, for $18,759. Subsequently, 96 shares...

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Accounting

An investor purchased 507 shares of common stock, $20 par, for $18,759. Subsequently, 96 shares were sold for $31 per share. What is the amount of gain or loss on the sale?

a.$576 gain

b.$1,632 gain

c.$576 loss

d.$1,632 loss

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