You just sold 200 shares of Langley at a price of £38.75 a share.Last year you paid £41.50 a share to buy this equity.Over the course of the year,you received dividends totaling £1.64 per share.What is your capital gain on this investment?
A)-£550
B)-£222
C)-£3
D)£550
E)£878

Question

Quizplus · Accepted Answer

The capital gain is calculated as the difference between the selling price and the purchase price, multiplied by the number of shares. Here, the capital gain is (38.75 - 41.50) * 200 = -£550.

You Just Sold 200 Shares of Langley at a Price