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Hayden purchased 5,000 shares of stock for $20,000 in March XX03. In August XX05, Hayden received a cash dividend of $30,000. Haydens share of the
Hayden purchased 5,000 shares of stock for $20,000 in March XX03. In August XX05, Hayden received a cash dividend of $30,000. Haydens share of the corporations earnings and profits for the year ending XX05 was $5,000. Calculate how much of the $30,000 dividend is treated as capital gain.
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