Question
You buy 100 shares of stock at $5.00 per share. You receive one dividend of 20 cents per share. You sell the stock a year
You buy 100 shares of stock at $5.00 per share. You receive one dividend of 20 cents per share. You sell the stock a year later for $6.00 a share. Fee for selling the stock online is $15. What is the total profit you made on the entire transaction? Is this a long-term or short-term capital gain?
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Managerial Accounting
Authors: James Jiambalvo
4th edition
9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797
