During the 2020 tax year Ralph sold the following assets: 1,000 shares in ABC Ltd for $5 per share. Ralph had purchased these shares in 2016 for $3 per share. Ralph also sold 500 shares in DEF Ltd for $8 a share in April 2020. Ralph had purchased these DEF shares in 2008 for $10 a share. What is Ralph's net capital gain for the 2020 tax year?
A) $750
B) $0
C) $1,000
D) $500
Correct Answer:
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