Shawn Healy bought 300 shares of Apple Computer common stock at ($132) a share. Fifteen months later,

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Shawn Healy bought 300 shares of Apple Computer common stock at \($132\) a share. Fifteen months later, in December, Apple was up to \($147\) a share and Shawn was considering selling her shares because she believed Apple’s price could drop as low as \($142\) within the next several months. What advice would you offer Shawn for locking in the gain and deferring the tax to the following year? Explain.

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Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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