None You just sold 500 shares of stock for $35.80 per share. Oneyear ago, you purchased the stock for $39.22 per share andhave received dividends totaling $0.85 per share. What isyour total capital gain in dollars?

Step 1: We first calculated the capital gain or loss per share by subtracting the purchase price…

Answered: You just sold 500 shares of stock for…

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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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?