Five years ago,you purchased 200 shares of Go-Tech stock for $25 per share.If you sold those shares today at the current market price of $90 per share,what would be your capital gain on the sale,ignoring all commissions?

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. So, (90 - 25) * 200 = $13,000.

Five Years Ago,you Purchased 200 Shares of Go-Tech Stock for $25