A Year Ago Neil Purchased 100 Shares Of Myspace Stock For 25 Per Share Yesterday He Placed A Limit Order To Sell His 1 (26.81 KiB) Viewed 32 times
A Year Ago Neil Purchased 100 Shares Of Myspace Stock For 25 Per Share Yesterday He Placed A Limit Order To Sell His 2 (37.92 KiB) Viewed 32 times
A year ago, Neil purchased 100 shares of MySpace stock for $25 per share. Yesterday, he placed a limit order to sell his stock at a price of $30 per share before the market opened. The stock's price opened at $29 and slowly increased to $32 in the middle of the day, before declining to $28 by the end of the day. The stock did not pay any dividends over the period in which Neil held it. Round dollar values to the nearest cent and percentages to 1 decimal in percentage form. Do not enter dollar signs or the % symbol.
If Neil held is in a 40% marginal tax bracket and held these investments outside of a registered account, what are the tax consequences of the sale? Answer: 1 Check Incorrect Marks for this submission: 0.00/3.00. This submission attracted a penalty of 0.30. Recompute Neil's holding period return on an after-tax basis. Answer: Check How much total capital gain or (loss) did Neil earn on his shares if Neil had placed a limit order of $33. Answer: Check
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