Six months ago,you purchased 100 shares of stock in ABC Co. at a price of $43.89 a share. ABC stock pays a quarterly dividend of $.10 a share. Today,you sold all of your shares for $45.13 per share. What is the total amount of your capital gains on this investment?
A) $1.24
B) $1.64
C) $40.00
D) $124.00
E) $164.00

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. ($45.13 - $43.89) * 100 = $124.00.

Six Months Ago,you Purchased 100 Shares of Stock in ABC