Question
1/1/18. Purchase 100 shares. $10.00 per share 7/1/19 Purchase 100 shares $15.00 per share 12/31/19. Sell $___________ $20.00 per share Assume long term capital gains
1/1/18. Purchase 100 shares. $10.00 per share
7/1/19 Purchase 100 shares $15.00 per share
12/31/19. Sell $___________ $20.00 per share
Assume long term capital gains are taxed at 10%, and short term capital gains are taxed at 30%.
How much, in dollars, does this investor need to sell on 12/31/2019 to have $3,000 after taxes?
A. $3,189
B. $3,452
C. $3,096
D. $3,000
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
