Study the table below.
2 answers:
Answer:
A. September 1st only.
Step-by-step explanation:
This question is based on assumptions.
Assumption 1st: Lets assume that the share was purchased on 1st January and all the other dates are also from the same year.
Assumption 2: In actual, the capital gain will be incurred if the share is sold on 1st September for $56. The gain will be of dollars.
But if we sell the share on 31st December, then also we are gaining $2.
So, both can be the answer. September 1 or December 31st. But let us assume that the share was sold for maximum gain, then the answer will be option A.
Moreover it depends from person to person who is willing to sell in September or in December.
But technically it can be only September as it has maximum gain.
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