You purchased 3,000 shares of Space Apparition Co. four years ago at $40 per share. You have just received a mail from the company announcing a fixed-price tender offer stock repurchase at $70 per share. Capital gains are taxed at 20 percent. If you participate in the repurchase, how much will you receive?
A) $31,500
B) $192,000
C) $178,000
D) $210,000
Correct Answer:
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