Youre working with a client who made the following ETF transactions over the last five...

70.2K

Verified Solution

Question

Finance

Youre working with a client who made the following ETF transactions over the last five years: 12/13/2016 - Purchased 150 shares at $17.50/share, with a $5 trade fee. 03/17/2017 Bought 78 shares at $19.62/share, with a $5 trade fee. 09/25/2018 Purchased 65 shares at $24.32/share, with a $5 trade fee. 12/30/2018 Reinvested dividends: 4 dividends at $27.19 per share, no trade fee. 05/04/2019 Purchased 100 shares at $16.98/share, with a $5 trade fee. 10/15/2020 Sold 200 shares at $31.01/share, with a $5 trade fee.

4. After the 10/15/2020 transaction, what is the total capital gain if you use the FIFO method (round up to the next whole dollar and enter with the $ sign and no decimals)?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students