Mega Computer Issued Stock with a Face Value of One

question 118

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

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Definitions:

Personality Disorders

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.

Neurotic Disorders

Psychological disorders characterized by anxiety or fear that is out of proportion to the situation causing it, without a clear physical cause.

Adjustment Disorders

Psychological responses to identifiable stressors, resulting in emotional or behavioral symptoms that exceed what would normally be expected.

Mood Disorders

Mental health conditions characterized by disturbances in a person's emotional state, leading to periods of excessive sadness or unexplained elation.