Olivia wants to buy some vacant land for investment purposes. She cannot afford the full purchase price. Instead, Olivia pays the landowner $14,500 to obtain an option to buy the land for $290,000 anytime in the next four years. Fourteen months after purchasing the option, Olivia sells the option for $18,125. What is the amount and character of Olivia's gain or loss?

$3,625

Explanation:

Missing word "She has a long-term capital gain of $"

Long term capital gain = Sale price of option - Buying price of option

Long term capital gain = $18,125 - $14,500

Long term capital gain = $3,625

So, the amount and character of Olivia's long-term capital gain is $3,625.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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