Upon her grandfather's death, jordan inherited 10 shares of universal corp. stock that had a fair market value of $5,000. her grandfather acquired the shares in 1995 for $2,500. four months after her grandfather's death, jordan sold all her shares of universal for $7,500. what was jordan's recognized gain in the year of sale?
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Upon her grandfather's death, jordan inherited 10 shares of universal corp. stock that had a fair ma...
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