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3. You have XYZ stock in your Keogh pension plan account. You bought the stock for $8,500 10 years ago when you were 50 years
3. You have XYZ stock in your Keogh pension plan account. You bought the stock for $8,500 10 years ago when you were 50 years old, and the stock is now worth $14,500. You are in the 32 percent income tax bracket and pay 15 percent on long-term capital gains. a) What was the annual rate of growth in the value of the stock? b) Are you going to save or owe taxes if you decide to sell the stock? What are the taxes owed or saved if you withdraw the funds
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