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Marc Purchased 100 Shares of LXM Stock for $25 Per

Question 163

Multiple Choice

Marc purchased 100 shares of LXM stock for $25 per share and sold this same stock two years later for $28 per share.He paid commissions of $50 when he purchased the stock and $55 when he sold the stock.No dividends were paid during the period he owned LXM.Marc's current income from this investment is ____,and his capital gains were ____.


A) $0; $195
B) $0; $300
C) $195; $0
D) $300; $0

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