What would be your capital gain on the sale

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Reference no: EM131611501

1. Three years ago you purchased a share of CompUTech stock for $4, which you could sell today at the current market price of $150. What would be your capital gain on the sale, ignoring commissions.

a) $150

b) $4

c) $146

d) $154

e) Cannot determine from the information provided

2. Marty and Esther were told by their financial planner that ________years was the limit on the debt resolution rule, that is, all outstanding debt, except a mortgage and education, should be repaid within this time period. Then the cycle will continue.

a) 2

b) 3

c) 3.5

d) 4

e) 5

Reference no: EM131611501

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