5 years ago you purchased 10 shares of ABBLE stock for $10 a share, today you can sell each share for $25. Ignoring all commissions, what would be the capital gain on the sale? $1,500 $150 $15 $100

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
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5 years ago you purchased 10 shares of ABBLE stock for $10 a share, today you can sell each share for $25. Ignoring all commissions,
what would be the capital gain on the sale?
$1,500
$150
$15
$100
Transcribed Image Text:5 years ago you purchased 10 shares of ABBLE stock for $10 a share, today you can sell each share for $25. Ignoring all commissions, what would be the capital gain on the sale? $1,500 $150 $15 $100
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