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Violet Inc. bought 10,000 shares of Indigo Ltd on July 1, Year 1. Violet's management believes that Indigo's shares are undervalued and that the company
Violet Inc. bought 10,000 shares of Indigo Ltd on July 1, Year 1. Violet's management believes that Indigo's shares are undervalued and that the company could make a quick profit selling the shares within the next 12 months. Violet purchased the shares at $22 each, and received $0.25 per share dividends during the year. The shares were trading at $32 per share at the end of Quarter 3 (September 30) and at $25 per share at the fiscal year ended December 31, Year 1. What is the total dollar increase/decrease (related to this investment) that Violet Inc will report through net income for the year ended December 31, Year 1
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