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B. The holding period begins on the settlement day of the purchase and ends on the day the sell order is submitted.
C. The holding period begins on the settlement day of the purchase and ends on the day the sell order is submitted.
D. The holding period begins on the settlement day of the purchase and ends on the settlement day associated with the sale.
Answer: A
Explanation:
Explanation/Reference:
Explanation: In determining whether its sale will result in a short-term or long-term capital gain, the holding period of a security begins the day after the buy order is submitted and ends the day the sell order is submitted.
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Feedbacks
Aalk - 2014-05-05 16:45:18
Plato - 2014-05-05 16:45:51
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Eleanore - 2014-09-28 16:36:48