Question
Barry Modin bought 575 of Gingridge LLC at a price of $ 41.45 about 5 years ago that sell for $ 67.90 per share today.
Barry Modin bought575of Gingridge LLC at a price of $41.45about 5 years ago that sell for $67.90per share today. Barry pays capital gains tax at the rate of19%, and pays tax on dividends at the rate of33%.
Suppose the Gingridge pays a dividend per share of $3.75. How much of the total dividend paid by the company to Barry will he get to keep?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
