Two years ago, you purchased a stock at a price of $32

Finance Dec 24, 2020

Two years ago, you purchased a stock at a price of $32.16. The stock pays quarterly dividends of $0.20 per share. Today, the stock is selling for $28.20 per share. What is your capital gain on this investment?

Expert Solution

Capital gains = selling price - Purchasing Price

selling price = 28.20

Purchasing price = 32.16

Capital gains = 28.20 - 32.16

= -$3.96

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote