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Travka [436]
3 years ago
11

Kai bought 120 shares of stock for $68.24 per share. He sold them nine months later for $85.89 per share. What was his capital g

ain?
Mathematics
1 answer:
nevsk [136]3 years ago
6 0

Answer:

2118 dollars

Step-by-step explanation:

His capital gain is the difference in the (sell - buy) prices multiplied by the number of shares (120).

120 * (85.89 - 68.24) = 120 * 17.65 = 2118

The capital gain is a short term gain (held under a year)

The amount is 2118 dollars.

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