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

A chemistry teacher needs to mix an acid solution for an experiment. how much hydrochloric acid needs to be mixed with 1500 milliliters of water to make a solut
Which country grows more fruit—Chile or Bolivia?
Read the poem. Then, select the correct answer. excerpt adapted from I Wandered Lonely as a Cloud by William Wordsworth I wandered lonely as a cloud That floats
help please i already know that g is not the answer
How do you these questions?
what is the answer? I'll give brainiest to whoever is right
Claustrophobia happens to people who feel uncomfortable in tight places. What is the meaning of the Greek suffix -phobia? comfort fear interest need
Betty drew the life cycle of a butterfly for a science exhibition. The life cycle showed the various stages of growth before the egg turns into a butterfly. Wha
HELP ME PLZZ I NEED HELP WITH THIS!!
When making informed decisions about health products or procedures, it's important to consider what ?