Multiple Choice
Mega Computer issued stock with a face value of one cent and then sold the shares to the public for $20.00 each. Ted bought 10 shares at that price. Today, Ted sold his shares to David for $25.00 each. What are Ted's capital gains?
A) $19.99
B) $20.00
C) $25.00
D) $50.00
E) $0.01
Correct Answer:
Verified
Correct Answer:
Verified
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