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What is the total cost or basis in both stocks that gina sold during the year?

A. $785
B. $9,500
C. $10,285
D. $10,550

User Vencedor
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1 Answer

2 votes

Final answer:

Without detailed information on Gina's stock purchases, the number of shares, and the associated transaction fees, it is not possible to determine the total cost or basis of the stocks she sold. D. $10,550) are correct.

Step-by-step explanation:

The total cost or basis of stocks that Gina sold during the year requires calculating the initial investment and including the cost of any transactions associated with buying and selling the stocks.

Unfortunately, the information provided is not sufficient to accurately determine Gina's total cost or basis in the stocks she sold as we do not have specific details about the number of shares, the purchase price per share, or the exact transaction fees paid during the buying and selling processes.

Without these details, we cannot confirm whether any of the provided options (A. $785, B. $9,500, C. $10,285,

Please provide additional information about Gina's stock transactions in order to give a precise answer about the total cost or basis.

User MrTelly
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7.4k points