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2. Suppose that you purchased 100 shares of a stock six years ago for $19.50 pel share. The commission for the trade was $15. Since
2. Suppose that you purchased 100 shares of a stock six years ago for $19.50 pel share. The commission for the trade was $15. Since then, they've had one two-for-one stock split. You recently sold your 200 shares for $16.40 per share. The commission for the trade was $15. You're in the 25% marginal income tax bracket, and the tax rate for long-term capital gains is 15%. What's the tax that you'll pay for your capital gain on your stock? Answer: You'll pay in taxes
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