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?
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?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
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Transcribed Image Text: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?
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