Bruce will be subject to tax on the real capital gains, Financial Management

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Bruce will be subject to tax on the real capital gains

Bruce purchased 1000 shares in CMOT Enterprises 5 years ago when the share price was $4.9 and the CPI was 245.7. He has now sold the shares for $12.6, the CPI being 385.6. Bruce will be subject to tax on the real capital gains. Determine the assessable real gain to the nearest dollar. Ignore transaction costs.

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Financial Management: Bruce will be subject to tax on the real capital gains

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Financial Management: Bruce will be subject to tax on the real capital gains

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