Sherry Lebito bought 500 shares of stock at a quoted price of 83 1/4 What was the total purchase price?
$

A year later Sherry sold her stock at a quoted price of 95 1/2.
(b) Did she have a capital gain or a capital loss?

(c) How much of a gain or loss did she experience?
$

The fact that the price at which Sherry sold the stocks a year later is more than the initial purchase price of $83.25, means that a capital gain was recorded, in other words, she bought low and sold high.

The capital gain can be computed as the total selling price(selling price per stock multiplied by the number of shares sold) minus the total purchase price.

total selling price=$95.50(i.e. 1/2=0.500

total selling price=$95.50*500

total selling price=$47,750.00

capital gain=$47,750.00-$41,625.00

capital gain=$6,125.00

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Sherry Lebito bought 500 shares of stock at a quoted price of 83 1/4 What was the total purchase price? $ A year later Sherry sold her stock at a quoted price of 95 1/2. (b) Did she have a capital gain or a capital loss? (c) How much of a gain or loss did she experience? $

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Sherry Lebito bought 500 shares of stock at a quoted price of 83 1/4 What was the total purchase price?
$

A year later Sherry sold her stock at a quoted price of 95 1/2.
(b) Did she have a capital gain or a capital loss?

(c) How much of a gain or loss did she experience?
$