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John bought 1,900 shares of Intel stock (Nasdaq: INTC) on October 18,2019,...

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Accounting

John bought 1,900 shares of Intel stock (Nasdaq: INTC) on October 18,2019, for $48 per share plus a $750 commission he paid to his broker. On December 12,2023, he sells the shares for $69.50 per share. He also incurs a $1,000 fee for this transaction. What is John's adjusted basis in the 1,900 shares of Intel stock?

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