Gerry's grandmother bequeathed stock to Gerry at her death five years ago.  The grandmother paid $100 for the stock and it was valued at $5,000 when the grandmother died.  Gerry gave the stock to his daughter Emily two years ago.  The stock was valued at $4,000 at the date of transfer.  Emily sold the stock today for $4,500.  What is her gain or loss on the sale?  $0 Loss of $

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