Series 7 - General Securities Representative Exam
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KML stock is currently trading at $60 per share. A customer bought 500 shares of KLM corp for $50 per share. He then sold 200 shares at $55 per share and sold 100 shares at $58 per share. He still owns 300 shares. What is the unrealized gain?
$2,500
A
$3,000
B
$5,000
C
not enough data
D
Explanations
The customer sill owns 300 shares that he paid $50 per share. It is currently at $60 per share. So, he has a $10 unrealized profit on 300 shares. $3,000 unrealized gain. Unrealized gains refer to open positions