Question: A company has announced an increase in its quarterly dividend from $0.25 to $0.33 per share. If an investor who owns 700 shares is in

A company has announced an increase in its quarterly dividend from $0.25 to $0.33 per share. If an investor who owns 700 shares is in the 20 percent tax bracket, calculate the amount by which the investor’s tax would increase annually due to the dividend.

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