Certified Financial Planner (CFP) Practice Exam · Question
An investor purchases 100 shares of ABC Corp. at $20 per share. Three years later, they sell all shares at $25 per share. What is the capital gain?
Capital gain is calculated as the selling price minus the purchase price. (25 - 20) * 100 shares = $500.
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Question: An investor purchases 100 shares of ABC Corp. at $20 per share. Three years later, they sell all shares at $25 per share. What is the capital gain?
Answer options: ✅ $500
- $2,000
- $2,500
- $4,500
Correct answer: $500
Explanation: Capital gain is calculated as the selling price minus the purchase price. (25 - 20) * 100 shares = $500.
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