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13 January, 16:18

You just sold 700 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You received dividends totaling $1.04 per share. What is your total capital gain on this investment

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  1. 13 January, 16:30
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    The correct answer is 3584 (Loss).

    Explanation:

    According tot he scenario, the given data are as follows:

    Purchase value = $39.20

    Sale value = $34.08

    Total share = 700 share

    So, we can calculate the total gain by using following formula:

    Total gain = (Sale value - Purchase value) * Total share

    = ($34.08 - $39.20) * 700

    = - 3584 (Negative shows Loss)
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Home » Business » You just sold 700 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You received dividends totaling $1.04 per share. What is your total capital gain on this investment
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