On May 10 Of The Current Year Claire Purchased 1000

On May 10 of the current year, Claire purchased 1,000 shares of ABCO stock for $10 per share because she believed the price had hit bottom. She did not know that her broker had sold 500 shares that he held in her brokerage account at $18 per share on April 18 when the price dropped from its $22 purchase price. Explain the effect of these transactions on Claire.

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