I need this question answer financial accounting Six months ago, you purchased 100 shares of stockin ABC Co. at a price of $41.28 per share. ABC stockpays 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 onthis investment?

Step 1: Define Capital GainsIn finance, the capital gains refers to the increase in the total value…

Answered: Six months ago, you purchased 100…

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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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?