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In mid-September, Bubba sells one XYZ February 50 call at $6. It subsequently expires without being
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B. Bubba's cost of the underlying stock is reduced
C. the $600 premium is a capital gain
D. the $600 premium constitutes ordinary income
Answer: C
Explanation:
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NEW QUESTION: 2
Which answer correctly orders the following AP boot processes as they occur?
a.AP Transfers OS from controller
b.AP builds GRE tunnel to the controller
c.AP determines IP address of the controller
d.AP Radio is enabled
A. c, a, b, d.
B. b, d, a, c.
C. a, c, d, b.
D. c, b, a, d.
E. a, b, c, d.
Answer: A

NEW QUESTION: 3
Refer to the exhibit.

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B. Services
C. Service Commands
D. Message Bus
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