[Solved] a. If Hayley reinvests the annual dividen

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a. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in

a. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in six years if the dividends paid are qualified dividends? (Hayleys marginal income tax rate is 28 percent.)

b. What will her investment be worth in six years if the dividends are nonqualified?

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