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In January 2012, Ezra purchased 2,000 shares of Gold Utility Mutual Fund for $20,000. In June, Ezra received an additional 100 shares as a dividend, in lieu of receiving $1,000 in cash dividends. In December, the company declared a two-for-one stock split. Ezra received an additional 2,100 shares, but there was no option to receive cash. At the time of the stock dividend in December and at the end of the year, the fund shares were trading for $11 per share. Also, at the end of the year, the fund offered to buy outstanding shares for $9. Ezra did not sell any shares during the year.
What is Ezra's gross income from the 100 shares received in June?
What is Ezra's gross income from the receipt of the 2,100 shares as a two-for-one stock split in December?
Should Ezra be required to recognize gross income in 2012 even though the fair market value of his investment at the end of the year was less than the fair market value at the beginning of the year?
Suppose a person with the given utility function over wealth: where e is the exponential function and w is equal to wealth in hundreds of thousands of dollars.
Valuable information or data regularly covered in the company - What did you find to be the most valuable information or data regularly covered in The WSJ and why and How will you utilize the WSJ in your personal life or career after this course?
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You have been scouring The Wall Street Journal looking for stocks that are good values & have discovered the given 5 candidates for addition to your portfolio:
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