On January 1,2010,Jay purchased shares of stock for $10,000.On December 31,2011,the same shares were worth $7,500.Based on this information,
A) Jay's saving for the year increased by $2,500.
B) Jay's saving for the year decreased by $2,500.
C) Jay had a $2,500 capital gain for the year.
D) Jay had a $2,500 capital loss for the year.
E) Jay's wealth was unchanged for the year.
Correct Answer:
Verified
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