On July 3, 2009, Devin purchased 150 shares of CDEF stock at a cost of $22 per share. His commission was $50. He sold his shares on July 6, 2011, at a price of $42 per share less another $50 commission. During the time he held the stock, he earned dividends of $3.5 per share. What was his total return on his investment?

On July 3, 2009, Devin purchased 150 shares of CDEF stock at a cost of $22 per share. His commission was $50. He sold his shares on July 6, 2011, at a price of $42 per share less another $50 commission. During the time he held the stock, he earned dividends of $3.5 per share. What was his total return on his investment?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 80IIP

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