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Barry Modin bought 590 of Gingridge LLC at a price of $ 41.45 about 5 years ago that sell for $ 68.75 per share today.
Barry Modin bought 590 of Gingridge LLC at a price of $41.45 about 5 years ago that sell for $68.75 per share today. Barry pays capital gains tax at the rate of 16%, and pays tax on dividends at the rate of 31%. 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? $ Place your answer in dollars and cents without a comma or dollar sign.
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