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Answer:

40%9:14pm

Which of the following is correct?

Merry buys stocks for $3,000 and sells them

a year and a half later for $7,000.

Merry has to pay short-term capital

gains taxes on $3,000.

Merry has to pay long-term capital

gains taxes on $4,000.

Merry has to pay long-term capital

gains taxes on $7,000.

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