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On January 1, 2015, an investor bought 200 shares of Al-Masry Steel at Et25 (Egyptian pound) per share. On January 3, 2016, the investor sold
On January 1, 2015, an investor bought 200 shares of Al-Masry Steel at Et25 (Egyptian pound) per share. On January 3, 2016, the investor sold the stock for Ff30 per share. The stock paid quarterly dividend of Ef2 per share. How much (in Ef) did the investor earn on this investment and, assuming the investor will pay a tax of 25%, how much will she pay in income taxes on this transaction?
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