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Deborah owns 100 shares of common stock in the Macrofirm Corporation. She bought the stock at a price of $33 per share, and it is now selling at $46 per share. If she sold it now, what is the term for what she would realize?
Employment At-will
A legal doctrine that means an employer can terminate an employee at any time for any reason, except an illegal one, and without warning.
Employment Contract
A legal document outlining the terms of employment, including duties, benefits, and duration, between an employer and employee.
Collective Bargaining Agreement
A collective bargaining agreement is a legally binding contract resulting from negotiations between a group of employees, often represented by a union, and their employer, covering the terms and conditions of employment.
Legal Statute
A law or regulation enacted by the legislative branch of government.
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