If you bought 200 shares of Amazon when they issued their IPO in May 1997 for $18/share and then sold all200 shares today for $3,284/share. What is the Cost Basis for calculating your Capital Gain and Return OnInvestment (ROI)O $3,600O $3,266O $653,200O $656,800

Capital gain is the profit earned by an investor on the investment due to the increase in the price…

Answered: you bought 200 shares of Amazon when…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have received dividend payments equal to $0.80 a share. Today, you sold all of your shares for $49.74 a share. What is your total dollar return on this investment? $2,400 $10,050 $8,040 $10,440 $20,880
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you bought 200 shares of Amazon when they issued their IPO in May 1997 for $18/share and then sold all 200 shares today for $3,284/share. What is the Cost Basis for calculating your Capital Gain and Return On If Investment (ROI) O $3,600 O $3,266 O $653,200 O $656,800