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Joey used money he received as a gift for high school graduation to purchase $5,000 worth of shares of stock. After he graduated from college, he needed money to buy a car, so h…

Joey used money he received as a gift for high school graduation to purchase $5,000 worth of shares of stock. After he graduated from college, he needed money to buy a car, so h…
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2 votes
Joey used money he received as a gift for high school graduation to purchase $5,000 worth of shares of stock. After he graduated from college, he needed money to buy a car, so he sold the stock for $2,933. What was his capital gain or loss?

asked
User AtErik
by
8.6k points

1 Answer

5 votes

Answer:

He ended up losing $2,067

Explanation:

answered
User Matt Campbell
by
7.5k points
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