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Suppose you purchased 1,600 shares of Pan Am Airlines at the beginning of the year for $17.25 By the end of the year, the stock
Suppose you purchased 1,600 shares of Pan Am Airlines at the beginning of the year for $17.25
By the end of the year, the stock price had appreciated to $18.63At the end of the year, Pan Am paid a dividend of
$0.64 per share. Calculate your capital gain on this investment over the year.
What was your capital gain on this investment over the year? (Round to two decimal places.)
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