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maxonik [38]
2 years ago
7

You purchased 100 shares of stock for $78 per share. You sold the stock four years later for $92 per share. What is your gain af

ter the sale of the investment?
Business
1 answer:
Lina20 [59]2 years ago
6 0

Answer:

$1,400

Explanation:

The gain after the sale of the investment is the excess of the total selling amount over the cost of acquiring the shares initially.

Cost of initial acquisition=100*$78=$7800

Proceeds from shares disposal=100*$92=$9200

The gain after the sale of the investment=$9,200-$7,800

The gain after the sale of the investment=$1,400

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