Gregory bought 975 shares of stock at a price of 531 per share. He later sold his stock at a price of $30. What was his total return on his investment? A. $29,250 Capital gain B. $975 Capital loss C. $31 Capital loss
Gregory bought 975 shares of stock at a price of 531 per share. He later sold his stock at a price of $30. What was his total return on his investment? A. $29,250 Capital gain B. $975 Capital loss C. $31 Capital loss
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 5MCQ
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Financial accounting question
Transcribed Image Text:Gregory bought 975 shares of stock at a price of 531 per
share. He later sold his stock at a price of $30. What
was his total return on his investment?
A. $29,250 Capital gain
B. $975 Capital loss
C. $31 Capital loss
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