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If You Purchased 10 Shares of Goldman Sachs Stock for $1,200

question 155

Multiple Choice

If you purchased 10 shares of Goldman Sachs stock for $1,200 five years ago and continue to hold the stock today but its value has risen to $1,500,how much will you owe in capital gains tax on your 10 shares? Assume the tax rate on capital gains is set at 15%.


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