An investor purchased 300 shares of CISCO systems in 2000 at $60. In 2001 he bought another 200 at $35 and finally another 400 shares at $18 in 2002. In 2014, he sold 200 shares at $24 per share. What is the adjusted cost base of the shares that he sold? Question 11 options: $18.00 $60.00 $37.67 $35.78
An investor purchased 300 shares of CISCO systems in 2000 at $60. In 2001 he bought another 200 at $35 and finally another 400 shares at $18 in 2002. In 2014, he sold 200 shares at $24 per share. What is the adjusted cost base of the shares that he sold? Question 11 options: $18.00 $60.00 $37.67 $35.78
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:An investor purchased 300 shares of CISCO systems in 2000 at $60. In 2001 he bought another 200 at $35 and finally another 400 shares at $18 in 2002. In 2014, he sold 200 shares at $24 per
share. What is the adjusted cost base of the shares that he sold? Question 11 options: $18.00 $60.00 $37.67 $35.78
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