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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If 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
Investment (ROI)
O $3,600
O $3,266
O $653,200
O $656,800
Transcribed Image Text:If 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 Investment (ROI) O $3,600 O $3,266 O $653,200 O $656,800
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