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