Question
9. Lana sold the following securities. Security Date of Purchase Date Sold Number of Shares 1 - Acme Industries Stock 05/30/2011 09/25/2015 200 2 -
9. Lana sold the following securities. Security Date of Purchase Date Sold Number of Shares 1 - Acme Industries Stock 05/30/2011 09/25/2015 200 2 - Acme Industries Stock 01/17/2012 09/30/2015 400 3 - Acme Industries Stock 10/30/2014 08/25/2015 100 4 - Acme Industries Stock 08/25/2014 08/28/2015 96 The gross proceeds for stock sales #1 and #3 were $8,975. The sales price per share for both stock #3 and #4 was $38 per share. Calculate the proceeds from the sale of the stock purchased on 05/30/2011. a) $8,975 b) $5,175 c) $7,448 d) $3,800 10. Keeping in mind the gross proceeds for stock #1 and #3 were $8,975 and the sales price per share for stock #3 and #4 was $38, assume the total gross proceeds from stock sales for 2015 was $20,000. Determine the sale price per share of the stock purchased on 1/17/2012. Security Date of Purchase Date Sold Number of Shares 1 - Acme Industries Stock 05/30/2011 09/25/2015 200 2 - Acme Industries Stock 01/17/2012 09/30/2015 400 3 - Acme Industries Stock 10/30/2014 08/25/2015 100 4 - Acme Industries Stock 08/25/2014 08/28/2015 96 a) $38.00 b) $22.23 c) $25.88 d) $18.44
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