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Marco bought 100 shares of Xtreem Energy Drink stock at $75 per share. One year later the stock ...

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Marco bought 100 shares of Xtreem Energy Drink stock at $75 per share. One year later the stock ...

Marco bought 100 shares of Xtreem Energy Drink stock at $75 per share. One year later the stock price is $87, and Marco is content to watch his investment grow. Which of the following statements is true?
A) Marco has taken a capital loss of $12.
B) Marco has earned a capital gain of $1,200.
C) Marco has earned a capital gain of $12.
D) Marco has earned no capital gain.
E) Marco has taken a capital loss of $1,200.

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Business: A Practical Introduction

Edition: 1^st

Authors: Williams, Sawyer, Berston

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