You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received total dividends of $1,272. What is the total capital gain on this investment

1 answer
Question:

You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received total dividends of $1,272. What is the total capital gain on this investment

Answers

Answer:$678Explanation:Given that,Number of shares sold = 300Selling price of each share = $42.06Cost of purchasing shares = $39.80 per shareTotal dividend received = $1,272We can easily determine the total capital gain on this investment by comparing the sales value and purchase value of this stock.Total capital gain on this investment:= Sales value - Purchase value = (Number of units × Selling price per unit) - (Number of units × cost of purchasing per share)= (300 × $42.06) - (300 × $39.80)= $12,618 - $11,940= $678

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