Cheryl bought some stock for $110,000.Two years later, she gave the stock to her brother, Harold, when its value was $100,000.Three years later, Harold sold the stock for $105,000.What is the value of the gift to Harold, and his gain or loss on the sale, respectively?

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The Answer of Cheryl bought some stock for $110,000.Two years later, she gave the stock to her brother, Harold, when its value was $100,000.Three years later, Harold sold the stock for $105,000.What is the value of the gift to Harold, and his gain or loss on the sale, respectively?

Cheryl Bought Some Stock for $110,000