Gregory Bought 500 Shares of Stock at a Price of $60

question 119

Multiple Choice

Gregory bought 500 shares of stock at a price of $60 per share. He later sold his stock at a price of $56. What was his total return on his investment?

• A) $2,000 capital loss
• B) $60 capital loss
• C) $4 capital gain
• D) $2,000 capital gain
• E) $26,500 capital gain

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Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by all parties to be enforceable.

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