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MrMuchimi
3 years ago
15

A customer buys 100 shares of XYZ stock at $43 per share. The customer then sells 1 XYZ $45 Call contract for a premium of $500.

The call contract expires unexercised. After expiration, the customer's cost basis in the XYZ shares is:________
Business
1 answer:
tigry1 [53]3 years ago
6 0

Answer:

$4,300

Explanation:

Since the call expired, the $500 premium must be reported as a short term capital gain. Short term capital gains are taxed in the periods that they occur, so they do not affect the basis of the stocks. It is something similar to dividends, if you receive dividends they will be taxed as short term gains = ordinary income, bu they do not affect the stocks' basis.

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d. changes in the supply of and/or demand for dollars in the global currency market.

Explanation:

Floating exchange rate can be defined as a system in the  macro economics or in economic policy where mechanism of the currency price of any country or nation can be determined by the forex market which is based on the supply and the demands relative to some other country's currencies.

In result of the foreign exchange values, the currency value of one country fluctuates.

Thus in the context, the value of dollar of United States changes depending on the changes or exchanges of dollar in the global market of currency.

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Millie is a buyer who has given her agent an earnest money check for $10,000 with an offer to purchase. when will the check be d
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The answer is After the seller accepts the purchase offer.

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What is Purchase offer?

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  • There are numerous different types of offers, each of which incorporates a particular combination of highlights extending from estimating prerequisites, rules and controls, sort of resource, and the buyer's and seller's motives.
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