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Series 66 NASAA Uniform Combined State Law Examination Practice Tests & Test Prep by Exam Edge - Related Blogs



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Series 66 NASAA Uniform Combined State Law Examination - Blogs Sample Questions

If an investor purchases 500 shares of stock at $5 per share several years ago and now receives $15 per share when selling all of his shares, he will record a capital gain of

Correct Answer:
$5000


to determine the correct capital gain from the sale of stock, it is essential to understand the concept of capital gains in investments. a capital gain is the profit made from the sale of assets like stocks, bonds, or real estate, when the selling price exceeds the purchase price. this profit is calculated as the difference between the higher selling price and the lower purchase price of the asset.

in the scenario provided, an investor initially purchases 500 shares of stock at a price of $5 per share. the total cost of these shares is $5 * 500 = $2500. several years later, the investor sells all 500 shares at a price of $15 per share, yielding a total of $15 * 500 = $7500 from the sale.

to find the capital gain, subtract the original purchase price from the sale price. the gain per share is calculated as $15 (selling price per share) - $5 (purchase price per share) = $10 gain per share. since this gain applies to each of the 500 shares sold, the total capital gain is $10 * 500 = $5000.

it is important to note that this gain assumes that all shares are sold and that there are no additional costs or taxes considered in the transaction. the $5000 represents the total capital gain before any potential taxes or fees that might apply depending on the investor's tax situation and the specific investment regulations.

therefore, the correct answer to the question of how much capital gain the investor records is $5000. this figure reflects the basic calculation of gains from securities trading, highlighting the increase in value of the shares from the time of purchase to the time of sale.

Additional Blogs for FINRA - Financial Industry Regulatory Authority dfgdfgdfg

In your journey to get Series 66 NASAA Uniform Combined State Law Examination certified it is important for you to have all information related to your exam. So we have pulled together a list of additional blogs that may be of interest to you because that are all related to the Financial Industry Regulatory Authority.

Exam Edge Blogs for FINRA - Financial Industry Regulatory Authority