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10 Percentage of All Equites equity redemption (retirement) plan that redeems a member's equity based upon the cooperative's financial needs. How much equity redemption, if
10 Percentage of All Equites equity redemption (retirement) plan that redeems a member's equity based upon the cooperative's financial needs. How much equity redemption, if any, will John Smith receive after the cooperative closes its 2024 fiscal year? Please use the information in Table 2. Table 2. Information for Percentage of All Equities redemption plan Row Item Dollars A Allocated equity at beginning of 2024 $ 6,400,684 B Patronage allocation retained $ 1,385,153 C Equity available at end of 2024 (A+B) $ 7,785,837 D Equity required $ 6,800,000 E Equity redeemed $ 985,837 F Percentage of beginning year equity ??? % John Smith's beginning equity in 2024 $ 261,560 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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