Question
An investor purchased 500 shares of ABC Security at $12 per share in 2000 and a commission of 1.5% of the purchase price was
An investor purchased 500 shares of ABC Security at $12 per share in 2000 and a commission of 1.5% of the purchase price was charged. In 2003, when the shares were $12.50 per share, the 500 were sold and a flat commission charge of $29 was applied. What is the taxable capital gain (assuming a 50% inclusion rate)?
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
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