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?
1 answer:
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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