If Juanita Purchases a Share of Stock for $20 and Three

question 82

Multiple Choice

If Juanita purchases a share of stock for $20 and three years later sells it for $120, she will realize a

• A) dividend of $100.
• B) capital gain of $100.
• C) dividend of $120.
• D) capital gain of $140.

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Definitions:

ALJs

Administrative Law Judges are officials who preside over hearings and dispute resolutions involving federal regulatory agencies.

Professional Merit Selection

A system of appointment based on qualifications and performance rather than political connections or personal favoritism.

President

The elected head of a republican state or organization, holding the highest office and often acting as the chief executive or ceremonial figurehead.

SEC

stands for the Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring market stability.