FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received

You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received total dividends of $1,272. What is the total capital gain on this investment?

A.)-$618

B.)-$672

C.)$678

D.)$618

E.)$720

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

2 What are your current strengths in being an appreciative coach?

Answered: 1 week ago

Question

★★★★★
Can a creditor of both the husband and wife under the same obligation obtain an execution against a Winnebago mobile home owned by the husband and wife in tenancy by entirety?

Answered: 1 week ago

Question

★★★★★
Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Year Plant...

Answered: 1 week ago

Question

★★★★★
The Olive Garden Division, a part of the Darden Corporation, reported the following data for the first quarter of 2016: Budget Actual Sales Revenue $ 850,000 $ 900,000 Cost of Goods Sold Variable...

Answered: 1 week ago

Question

★★★★★
In the "Short-Answer Questions" section found in Chapter 16, answer question 1. In your explanation, describe in detail why litigation may not be as cost efficient as other methods of dispute...

Answered: 1 week ago

Question

★★★★★
Briefly describe 3 key lessons learned from reading Simon Sinek's book "Start with Why"?

Answered: 1 week ago

Question

★★★★★
3. Briefly explain the following step toward ethical behaviour: Carrying out one's decision a. Weakness of will b. Strength of will C. Locus of control d. Willingness to obey authority

Answered: 1 week ago

Question

★★★★★
Queens black is a popular input with an annual demand of 5 0 0 0 0 gallons, ordering cost of$ 5 0 per order, and holding cost of $ 5 per unit per year; the econmoic orer quantity is 1 , 0 0 0 . Hence...

Answered: 1 week ago

Question

★★★★★
Project management has been around ever since the time of the pyramids.However, today many organizations and industries are still struggling to understand and apply good project management to their...

Answered: 1 week ago

Previous Question Next Question