Question
Jack the Tipper purchased 1,000 shares at beginning of the year. He sold a quarter of them at year-end when Seagulls price-to-book declined to 3.13
Jack the Tipper purchased 1,000 shares at beginning of the year. He sold a quarter of them at year-end when Seagulls price-to-book declined to 3.13 (because its ROE was not that great).
Jack is in the 20% tax bracket (which includes his dividends). Capital gains, if any, are favorably taxed at half the ordinary rate.
What are Jacks taxes related to his investment in Seagull?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
