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Hayley recently invested $27,000 in a public utily stock paying a 5 percent annual dividend. (Hayfey's marginal incorne tax rate is 32 percent) Use Fax
Hayley recently invested $27,000 in a public utily stock paying a 5 percent annual dividend. (Hayfey's marginal incorne tax rate is 32 percent) Use Fax Rate Schedule. Dividends and Caloital Galni Tax Rates for reference. Required: a. If Hayley reirwests the annual dividend she receives net of any taxes owed on the dividiond. how much will her investrient be worth in six years if the dividends paid are qualified dividends? b. What will her imvestment be worth in six years if the dividends are nonqualified? Note: For all requirements, do not round intermediote calculations and round your final answers to the nearest whole dollar amount
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