menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Statistics
  3. Study Set
    Business Statistics Communicating with Numbers Study Set 1
  4. Exam
    Exam 19: Returns, Index Numbers and Inflation
  5. Question
    Allen Gibbs Purchased 50 Shares of ABC Corp
Solved

Allen Gibbs Purchased 50 Shares of ABC Corp

Question 9

Question 9

Multiple Choice

Allen Gibbs purchased 50 shares of ABC Corp. ,each worth $110.If the price of the share increases to $135 after a year,what will be the capital gain if Allen sells all his shares?


A) $1,250
B) $25
C) $6,750
D) $5,500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Exhibit 19-4.Consider the following data on the

Q5: Which of the following is true about

Q6: Exhibit 19-5.Firms A,B,and C operate in the

Q7: Exhibit 19-5.Firms A,B,and C operate in the

Q8: Consider the following data on the consumer

Q12: Consider the following table.It provides the price

Q13: Which of the following is the correct

Q50: Index numbers provide direct comparisons of prices

Q64: The returns to which of the following

Q89: Rates of return expressed in nominal terms

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines