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Six months ago, you purchased 100 shares of stock in ABC Co. at a price of $41.28 per share. ABC stock pays a quarterly dividend of $0.15 per share. Today, you sold all of your shares for $43.05 per share. What is the total amount of your capital gains on this investment?

Six months ago, you purchased 100 shares of stock in ABC Co. at a price of $41.28 per share. ABC stock pays a quarterly dividend of $0.15 per share. Today, you sold all of your shares for $43.05 per share. What is the total amount of your capital gains on this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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What is the total amount of your capital gains on this investment? General accounting

Six months ago, you purchased 100 shares of stock in ABC Co. at a price of $41.28 per share. ABC stock pays a quarterly dividend of $0.15 per share. Today, you sold all of your shares for $43.05 per share. What is the total amount of your capital gains on this investment?
Transcribed Image Text:Six months ago, you purchased 100 shares of stock in ABC Co. at a price of $41.28 per share. ABC stock pays a quarterly dividend of $0.15 per share. Today, you sold all of your shares for $43.05 per share. What is the total amount of your capital gains on this investment?
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