You just sold 500 shares of stock for $35.80 per share. One year ago, you purchased the stock for $39.22 per share and have received dividends totaling $0.85 per share. What is your total capital gain in dollars?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
Problem 9MC
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Managerial accounting

You just sold 500 shares of stock for $35.80 per share. One
year ago, you purchased the stock for $39.22 per share and
have received dividends totaling $0.85 per share. What is
your total capital gain in dollars?
Transcribed Image Text:You just sold 500 shares of stock for $35.80 per share. One year ago, you purchased the stock for $39.22 per share and have received dividends totaling $0.85 per share. What is your total capital gain in dollars?
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