In 2004, Joe bought 200 shares in the Nikon Corporation for $12.25 per share. In 2007 he

Question:

In 2004, Joe bought 200 shares in the Nikon for $12.25 per share. In 2007 he sold the shares for $31.27 each.
a. What was Joe's capital gain?
b. Express Joe's capital gain as a percent, rounded to the nearest percent.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...