Question
Charmaine purchased 5,000 units of the CSC Bond Fund in 2010 at $7.50 per unit. In 2020, she sold half of her holdings at $12.00
Charmaine purchased 5,000 units of the CSC Bond Fund in 2010 at $7.50 per unit. In 2020, she sold half of her holdings at $12.00 per unit. The funds are no-load, however she purchased the fund through her discount broker who charged her a 2% fee when buying and selling the funds. What is Charmaine's capital gain?
| There isn't enough information provided to calculate | ||
| $8,850 | ||
| $4,425 | ||
| $7,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Finance For Food Towards New Agricultural And Rural Finance
Authors: Doris Köhn
1st Edition
3662568659, 978-3662568651
