Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose you bought 1,500 shares of a corporation at GH25 each. After a year, you received GH3000 (GH 2 per share) in dividends. At the
Suppose you bought 1,500 shares of a corporation at GH25 each. After a year, you received GH3000 (GH 2 per share) in dividends. At the end of the year the stock sells for GH30 each. If you sell the stock at the end of the year, your total cash inflow will be GH48,000 (1500 shares @ 30 each = GH45000 & Dividend = GH3000).%0A%0AAccording to the given data, the Capital Gain will be:%0A%0A %0A%0A%0A%0A%0A%0A%0ASelect one:%0A%0Aa.%0AGH7,500%0A%0A%0Ab.%0AGH7,000%0A%0A%0A%0A%0Ac.%0AGH9,000%0A%0A%0Ad.%0AGH10,500
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