On October 30, 2019, Tess bought 500 shares of ACTS stock for ₱ 640.00 per share. On November 15, 2020, ACTS paid a ₱ 620.00 dividend per share, and on January 15, 2021, she sold the stock for ₱ 677.80 per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?

On October 30, 2019, Tess bought 500 shares of ACTS stock for ₱ 640.00 per share. On November 15, 2020, ACTS paid a ₱ 620.00 dividend per share, and on January 15, 2021, she sold the stock for ₱ 677.80 per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 30P

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On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment? (with complete solutions)
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