Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
A. You made a profit of $75.00.
B. You suffered a loss of $75.00.
C. You made a profit of $705.00.
D. You suffered a loss of $630.00.
2007-02-15 05:21:21 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
none are true. The gross is $75.00 but you had to pay a minimum of $5.00 to buy the stock and a minimum of $5.00 to sell the stock, reducing your gross to $65.00. If this is a short term transaction and you are in the 28% federal bracket and 5% state and local bracket then your net after tax profit is reduced to $44.20.
2007-02-15 08:22:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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2015-01-25 02:26:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1st question is A: in case you have 20 shares of inventory and bought them at earnings of $3.seventy 5 (35 a million/4 - 31 a million/2). You made a earnings (via fact you bought a inventory bigger than what you paid for it) of $seventy 5 (20 x 3.seventy 5) 2nd question is an opinon question, however the ideal decision is A. earlier finding for a motor vehicle in any respect, its appropriate to be conscious of you could certainly purchase the motor vehicle. third question is def A as nicely, that's US regulation that each physique motorized automobiles be lined via criminal duty coverage (in case you injury somebody in an twist of destiny, the injured guy or woman can assemble damages)
2016-12-17 10:41:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2014-09-22 09:48:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A. you made a profit of $75.
2007-02-15 05:30:06 · answer #5 · answered by Gustav 5 · 0⤊ 0⤋
Profit of $75 less broker fees and capital gains.
2007-02-15 05:28:02 · answer #6 · answered by Sarge1572 5 · 0⤊ 0⤋
A, take the difference and multiply by 20.
2007-02-15 05:30:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋