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John Reardon purchased 100 shares of Tomco Corporation in December 2016, at a total cost of $1,785. He held the shares for 15 months and
John Reardon purchased 100 shares of Tomco Corporation in December 2016, at a total cost of $1,785. He held the shares for 15 months and then sold them, netting $2,462. During the period he held the stock, the company paid him $2.97 per share in cash dividends. How much, if any, was the capital gain realized upon the sale of stock? Calculate John's pretax HPR.
A. John's capital gain (or loss) is (blank $) ?
B. The pretax HPR is (blank%) ?
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