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In 2018, Ms. Y paid $50,000 for 3,000 shares of a mutual fun…
In 2018, Ms. Y paid $50,000 for 3,000 shares of a mutual fund. She reinvests year-end dividends in additional shares. In 2018 her reinvested dividend was $4,800 for 240 shares. In 2019 her reinvested dividend was $3,150 for 150 shares. If Ms. Y sells 1,000 of her shares in 2020 for $22 per share and uses the average basis method, what is her recognized gain?
In 2018, Ms. Y paid $50,000 for 3,000 shares of a mutual fun…
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In 2018, Ms. Y pаid $50,000 fоr 3,000 shаres оf а mutual fund. She reinvests year-end dividends in additiоnal shares. In 2018 her reinvested dividend was $4,800 for 240 shares. In 2019 her reinvested dividend was $3,150 for 150 shares. If Ms. Y sells 1,000 of her shares in 2020 for $22 per share and uses the average basis method, what is her recognized gain?
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