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Unformatted text preview: 2. Myrna buys stock for $4,000 and gives it to her friend Maddy as a gift when it's worth $7,500. How much gain or loss will Maddy have if she sells it for $3,000? for $9,000? for $6,000? (Note: this is not "loss" property.) 3. Alice buys stock for $9,000 and gives it to her friend Millie as a gift when it's worth $7,500. How much gain or loss will Millie have if she sells it for $6,000? for $10,000? for $8,500? (Note: this is "loss" property.)...
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 Spring '11

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