Allen Gibbs Purchased 50 Shares of ABC Corp

question 9

Multiple Choice

Allen Gibbs purchased 50 shares of ABC Corp. ,each worth $110.If the price of the share increases to $135 after a year,what will be the capital gain if Allen sells all his shares?

• A)$1,250
• B)$25
• C)$6,750
• D)$5,500

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