Daisy Diaz Purchased 100 Shares of Cameco Inc

question 91

Multiple Choice

Daisy Diaz purchased 100 shares of Cameco Inc.at $40 dollars a share.The shares subsequently split three for one on December 31, 2004 and currently trade at $50 a share.If Daisy sells all of her shares, what will be his capital gain?

• A)$11,000
• B)$5,500
• C)$4,000
• D)$6,000
• E)$6,500

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Definitions:

Method of Substitution

A technique for solving systems of equations where one of the equations is solved for one variable in terms of the others, and then substituted into the other equation(s).

System of Equations

A set of equations with the same variables, which are solved together to find the values of these variables.

System of Equations

A set of two or more equations with the same set of variables, which are solved together.

\(n + 2\)

Represents an algebraic expression in which 2 is added to a variable n.