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Nelson bought 1000 shares of Giggle stock at its IPO price of $240. The stock is currently trading at $302 when he decides to sell

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Nelson bought 1000 shares of Giggle stock at its IPO price of $240. The stock is currently trading at $302 when he decides to sell 100 shares. Although the stock price has risen, Giggle has never paid a dividend. If capital gains are taxed at 20% and dividends are taxed at 25%, how much of the total proceeds from the sale will Nelson get to keep? $28,960 $4650 $4960 $28,650

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