Solved

David Invested $20,000 in the Stock Market

Question 29

Multiple Choice

David invested $20,000 in the stock market. None of his stocks paid dividends, but after one year, his portfolio was worth $30,000. The relevant capital gains tax rate was 15%. What was
David's after-tax return on this investment, assuming he liquidated his portfolio?


A) 27.5%
B) 42.5%
C) 22.8%
D) 127.5%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents