You bought 200 shares of a stock at ($17) per share in 2001. After 12 months, the
Question:
You bought 200 shares of a stock at
\($17\) per share in 2001. After 12 months, the stock doubled in value, and you sold 100 shares. Eighteen months later, the stock reached \($60\) and split. After another year, the stock is now selling at \($52\) a share.
1. Calculate
(a) how much you received when you sold 100 shares in 2002;
(b) your capital gain;
(c) how many shares of this stock you own today.
(d) your gain on these shares.
2. Compute by using spreadsheet software to make these calculations.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business And Personal Finance Kid S Kits My Money Money Talk For The Young And Savvy
ISBN: 978-0078684159
1st Edition
Authors: Mcgraw Hill Education
Question Posted: