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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Definitions:

Socialization

The process by which individuals learn and adopt the norms, customs, values, and behaviors appropriate to their society or social group.

Influence Outcome

The result of actions or strategies designed to affect the decisions, behaviors, or perceptions of others within an organizational or social context.

Commitment

The state or quality of being dedicated to a cause, activity, or job; wholehearted dedication.

Influence Others

The ability to affect or change how other people think, feel, or act through persuasion, leadership, or example.