1.
Microsoft pays a .$0.35 quarterly dividend. Microsoft stock is trading at $120 a share. What is the Current Yield of Microsoft Stock?
A
1.3%
B
1.1%
C
2.1%
2.
Macerich pays a $0.17 quarterly dividend. Macerich stock is trading at $13 a share. What is the Current Yield of Macerich Stock?
A
5.23%
B
5.13%
C
3.33%
3.
Your customer bought 12 shares of Snapchat at $8 per share 2 years ago. Today, they sold their shares for $10 per share. What is their capital gain?
A
$30
B
$24
C
$36
4.
Your customer sold short 100 shares of SNAP at $10 per share and bought back later at $7 per share. How much did your customer gain or lose?
A
$3 Per Share Gain
B
$3 Per Share Loss
C
$2 Per Share Gain
5.
Your customer bought 15 shares of Macerich at $8 per share 2 years ago. Today, they sold their shares for $12 per share. Macerich pays a $0.25 per quarter dividend. What is their total return?
A
$61.60
B
$61
C
$62
6.
Your customer sold a 7% corporate bond at 102. They purchased the bond at par a year ago. What is the total return?
A
9%
B
10%
C
11%
7.
You client sold her Apple shares at $150 a share on March 10th of this year. He purchased the shares for $122 on May 15th of last year. What has she realized?
A
Short Term Capital Gain
B
Short Term Capital Loss
C
Long Term Capital Gain
8.
Which of the following is not taxed as ordinary income?
A
Commissions that you made on a sale
B
Money that you made working at Starbucks
C
Money that you made from selling apple for $155 after 2 years
9.
Your customer earned $100,000 in income last year. They sold Apple stock for a $20,000 loss and Microsoft for a $16,000 gain. What will customers pay taxes on this year?
A
$97,000 in ordinary income and $16,000 in net gains
