On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?
On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?
Chapter11: Property Dispositions
Section: Chapter Questions
Problem 76IIP
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On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?
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