Correct answer Arlington Corp.'s stock was purchased six months ago at aprice of $38.20 per share. You bought 100 shares at thattime. The company pays a quarterly dividend of $0.10 pershare. Today, you sold all your shares for $40.75 per share.What is the total amount of your capital gains on thisinvestment?

Calculations:Step 1: Capital Gain per Share:Capital gain is the difference between the selling price…

Answered: Arlington Corp.'s stock was purchased…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 8P

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Arlington Corp.'s stock was purchased six months ago at a price of $38.20 per share. You bought 100 shares at that time. The company pays a quarterly dividend of $0.10 per share. Today, you sold all your shares for $40.75 per share. What is the total amount of your capital gains on this investment?