jacieemariejace7911 jacieemariejace7911
  • 12-08-2020
  • Business
contestada

You just sold 500 shares of Wesley, Inc. stock at a price of $30.92 a share. Last year, you paid $32.04 a share to buy this stock. What is your capital gain on this investment

Respuesta :

andromache andromache
  • 14-08-2020

Answer:

-$560

Explanation:

The computation of capital gain on this investment is shown below:-

Capital gain = (Stock price - Paid shares) × Sold shares

where,

The Stock price is $30.92

Paid shares is $32.04

And, the sold shares is 500 shares

Now placing these values to the above formula

So, the capital gain on this investment is

= ($30.92 - $32.04) × 500

= -$1.12 × 500

= -$560

Answer Link

Otras preguntas

I don’t know how to use the triangle area to calculate the area of the inscribed polygons
2 3/4+ 12 6/8_______
the volume of a sphere is 972 pie in cubic inches. what is the radius
What approach did James I adopt toward divine right kingship? A) He believed that his power and authority derived solely from God, and this gave him the abilit
List 4 living things with all 8 characteristics.
Which location on the east coast of the New world was the most important port city? A. Jamestown. B. New Orleans. C. Charlestown. D. Fort Duquesne
When writing a formal letter or email what kind of words should the writer use to convey a formal tone? Check all that apply Confident Dramatic Polite Sentiment
Which of the following is true about borrowing money from a bank? A) Only the amount of the loan must be repaid. Eliminate B) The amount of the loan plus inter
How many minutes are there in 2 3/5 hours
Describe from your point of view the most persuasive scientific evidence for or against the theory of evolution.