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?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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What is the total amount of your
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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