If you purchased 100 shares of 3DTV for $4 per share and shares jumped to $50 per share, how much was your capital gain without including commissions?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
Problem 9MC
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If you purchased 100 shares of 3DTV for $4 per share and shares jumped to $50 per share, how much was your capital gain without including commissions?

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