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Indy Owns 100 Shares of Stock in Pet Mart Corporation

Question 36

Multiple Choice

Indy owns 100 shares of stock in Pet Mart Corporation that he purchased for $20 per share.Every year he has received, from company profits, $1 for each share he owns.If Indy sells all his shares at a price of $30 per share, he will receive a


A) total capital gain of $10.
B) dividend of $10 per share.
C) total capital gain of $1,000.
D) capital gain of $30 per share.

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