Six Months Ago,you Purchased 100 Shares of Stock in ABC

question 10

Multiple Choice

Six months ago,you purchased 100 shares of stock in ABC Co. at a price of $43.89 a share. ABC stock pays a quarterly dividend of $.10 a share. Today,you sold all of your shares for $45.13 per share. What is the total amount of your capital gains on this investment?

• A) $1.24
• B) $1.64
• C) $40.00
• D) $124.00
• E) $164.00

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Definitions:

Income

Profits received, at routine intervals, from efforts in employment or investment projects.

Budget Line

This line delineates the combos of two goods a consumer can procure, given their income and the goods' prices, demonstrating the trade-offs and opportunity costs within their budget.

Consumption

The use of goods and services by households or individuals, often measured to understand economic activity and consumer behavior.

Bushels

A unit of volume measure used primarily for agricultural products, with the size varying by product.