Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 31, 2022

A stock is bought for $21.50 and sold for $28.00 one year later, immediately after it has paid a dividend of $1.50. What is

A stock is bought for $21.50 and sold for $28.00 one year later, immediately after it has paid a dividend of $1.50. What is the capital gain rate for this transaction? A. 15.12% B. 24.18% OC. 30.23% OD. 6.05%

Step by Step Solution

★★★★★

3.42 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

Capital Gain Rate Selling Price Purchas... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

More Books

Students also viewed these Accounting questions

Question

★★★★★

This year, Firm B recognized a $100,000 capital gain on the sale of investment land. Toward the end of the year, the firm plans to sell stock from its investment portfolio to generate a $100,000...

Answered: 1 week ago

Question

★★★★★

After a 5-for-1 stock split, Strasburg Company paid a dividend of $0.75 per new share, which represents a 9% increase over last years pre-split dividend. What was last years dividend per share?

Answered: 1 week ago

Question

★★★★★

A stock has returns of 15 percent, 12 percent, 15 percent, 22 percent, and 11 percent. What are the arithmetic and geometric returns?

Answered: 1 week ago

Question

★★★★★

An investment was made for $35,000 and and income of $3,000. The ending value of the investment was $34,000. The percentage return on the investment is closest to: 5.7%, 8.6%, 11.8%

Answered: 1 week ago

Question

★★★★★

Explain the rationale behind the three-tier client/server architecture.

Answered: 1 week ago

Question

★★★★★

3. Differentiate between goals and objectives

Answered: 1 week ago

Question

★★★★★

Contrast the cognitive therapy approach with other major therapy approaches.

Answered: 1 week ago

Question

★★★★★

Beth Electronics makes CD players in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly...

Answered: 1 week ago

Question

★★★★★

Can someone help me determine the correct responses to this question? Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into...

Answered: 1 week ago

Question

★★★★★

Discuss the use of business analytics in sports, such as tennis, cricket, swimming, and football. Identify as many opportunities as you can for each.

Answered: 1 week ago

Question

★★★★★

hna is a 21 year-old full-time college student (she plans on returning home at the end of the school year). Her total support for the year was $34,000 (including $8,00 ition). Anna covered $12,000 of...

Answered: 1 week ago

Question

★★★★★

Using the Porter's Five Forces Industry Analysis Framework, discuss your company's industry structure. Why do you think some companies in poorly performing industries do very well?

Answered: 1 week ago

Question

★★★★★

What is the value of information systems? Discuss your opinion on the value of information systems and how you can make that value transparent

Answered: 1 week ago

Question

★★★★★

Compare Austin-bergstom International airport located in Texas and Athens International Airport located in Greece air traffic and airspace operations. Describe the important air traffic and airspace...

Answered: 1 week ago

Question

★★★★★

Brown Stone Restaurant is located in an historic building within the historic business district of a mid-size city. The menu is designed to accommodate often hurried lunch customers as well as...

Answered: 1 week ago

Question

★★★★★

Multinational Companies from Emerging and Developed Countries Multinational companies from countries with emerging economies such as Brazil, Russia, India, and China are beginning to expand...

Answered: 1 week ago

Question

★★★★★

number 6 using Matlab language 2.) Given a Matrix A=(1,2,3,4,5,6;7,8,9), B = (2,4,6;8,10,12;14,16,18). Answer the following questions: a.) A+B b.) 2 A c.) 5./B d.) B.AZ 3.) Given the above two...

Answered: 1 week ago

Question

★★★★★

The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...

Answered: 1 week ago

Question

★★★★★

In the text we discussed the market for oil assuming zero production costs, but now suppose that it is costly to get the oil out of the ground. Suppose that it costs $5 dollars per barrel to extract...

Answered: 1 week ago

Question

★★★★★

Charlie is backstill consuming apples and bananas. His utility function is U(x A , x B ) = x A x B . We want to find his demand function for apples, x A (p A , p B ,m), and his demand function for...

Answered: 1 week ago

Question

★★★★★

A monopolist has an inverse demand curve given by p(y) = 12 y and a cost curve given by c(y) = y2. (a) What will be its profit-maximizing level of output? _____. (b) Suppose the government decides...

Answered: 1 week ago

Question

★★★★★

1. Of the following, which use a labeled-line code and which use an across-fiber pattern code? A. A fire alarm B. A light switch C. The shift key plus another key on a keyboard

Answered: 1 week ago

Question

★★★★★

2. How could you determine whether hypnosis decreases pain by increasing the release of endorphins?

Answered: 1 week ago

Question

★★★★★

5. What would happen to a pain sensation if glutamate receptors in the spinal cord were blocked? What if substance P receptors were blocked?

Answered: 1 week ago

Previous Question Next Question