P6.6 On 1 January 2010, an investor bought 200 shares of Gottahavit Pty Ltd, for $50 per
Question:
P6.6 On 1 January 2010, an investor bought 200 shares of Gottahavit Pty Ltd, for $50 per share. On 3 January 2011, the investor sold the shares for $55 per share. The share paid a quarterly dividend of $0.25 per share. How much (in $) did the investor earn on this investment, and, assuming the investor is in the 33% tax bracket, how much will she pay in income taxes on this transaction?
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Related Book For
Fundamentals Of Investing
ISBN: 9781442532885
3rd Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright
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