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21 December, 00:30

David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a:

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  1. 21 December, 00:49
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    The sale results in a capital loss of $3,000.

    Explanation:

    The stock was bought for $4,000 and was later sold for $1,000 one year later. It means that David lost $3,000 on the stock.
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