Question
You bought a stock one year ago for $48.14 per share and sold it today for $57.79 per share. It paid a $1.82 per share
You bought a stock one year ago for $48.14 per share and sold it today for $57.79 per share. It paid a $1.82 per share dividend today. If you assume that the stock fell $4.56 to $43.58 instead:
a. Would your capital gain be different? Why or why not?
A. The capital gain will be different because the dividend did not change.
B. The capital gain will be different because the selling price has changed.
C. The capital gain will not be different because the selling price is less than the purchase price.
D. The capital gain will not be different because the purchase price did not change.
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