Solved: On january 1 2015 an investor bought 200 shares of al-masry, Accounting Basics

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On january 1 2015 an investor bought 200 shares of al-masry

Question: On January 1, 2015, an investor bought 200 shares of Al-Masry Steel at E£25 (Egyptian pound) per share. On January 3, 2016, the investor sold the stock for E£30 per share. The stock paid quarterly dividend of E£2 per share. How much (in E£) did the investor earn on this investment and, assuming the investor will pay a tax of 25%, how much will she pay in income taxes on this transaction?

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Accounting Basics: On january 1 2015 an investor bought 200 shares of al-masry

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Accounting Basics: On january 1 2015 an investor bought 200 shares of al-masry

Reference No:- TGS02420093

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