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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 64 Topic 7 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 64 Topic 7 Discussion

SIE Exam Topic 7 Question 64 Discussion:
Question #: 64
Topic #: 7

A customer purchased 100 shares of Company XYZ common stock five years ago for $20.00 per share. Over the life of her investment, the customer received cash dividends of $2.00 per share, on which she paid total income taxes of $0.50 per share. She recently sold the stock for $30.00 per share. What is the customer ' s cost basis in each share of XYZ stock?


A.

$20.00


B.

$21.50


C.

$22.00


D.

$30.00


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