Arden purchased 645 shares of AMC common stock several years ago for $2,322. On April...
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Arden purchased 645 shares of AMC common stock several years ago for $2,322. On April 30, Arden sold the shares of AMC common for $774 and then purchased 595 shares of AMC preferred stock two days later for $833. The AMC preferred stock is not convertible into AMC common stock. What is Ardens deductible loss from the sale of the 645 shares of AMC common stock?
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