Tiffany bought a stock for $80 and company paid no dividend. At the end of the year she sold the stock for $60. For the holding time, how much return this stock generated for her? She wanted a 35% return on this stock when purchased. At what selling price, she would have generated that return?

Tiffany bought a stock for $80 and company paid no dividend. At the end of the year she sold the stock for $60. For the holding time, how much return this stock generated for her? She wanted a 35% return on this stock when purchased. At what selling price, she would have generated that return?

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

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 52P

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