Harvey, a u.s. taxpayer, purchased 10 shares of mvc stock for $100 per share; one year later he sold the 10 shares for $130 a share. over the year, the price level increased from 140.0 to 147.0. what is harvey's before-tax real capital gain?
Harvey purchased 10 shares of mvc stock for = $100 per share one year later he sold the 10 shares for = $130 a share The price level increased in a year from = 140 to 147 harvey's before-tax real capital gain = $1,300 - $1,000(1.05) but he is to report a $300 gain on his income tax
