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Hi,
I was just wondering how the sale figures were computed in the open tuition practice questions at the bottom of Page 247Thanks
The question states that 2,500 shares were sold for £40,000. This disposal is firstly matched with 1,000 shares acquired within the previous 9 days with the remaining 1,500 shares being matched with the share pool. The apportionment of the proceeds is then shown for both the 1,000 shares and the 1,500 shares sold.
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