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King Corporation Purchased 2,000 Shares of Cable Common Stock ($50

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King Corporation purchased 2,000 shares of Cable common stock ($50 par) at $73 per share as a short-term investment.The shares were subsequently sold at $77 per share.The cost of the securities purchased and gain or loss on the sale were King Corporation purchased 2,000 shares of Cable common stock ($50 par) at $73 per share as a short-term investment.The shares were subsequently sold at $77 per share.The cost of the securities purchased and gain or loss on the sale were

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