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Randy has ten shares of stock that he bought on April 1, 2012, for $5 each. On March 1, 2013, he sells all of the shares for $200. What is the income tax consequence of the sale?
A. $150 long term capital gain.
B. $150 short term capital gain.
C. $195 long term capital gain.
D. $195 short term capital gain.
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You estimate that you will have $25,000 in student loans by the time you graduate.
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