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Jane sold a stock at $33 after holding it a year and collecting a $2.25 per share dividend. Her marginal ordinary income tax rate is
Jane sold a stock at $33 after holding it a year and collecting a $2.25 per share dividend. Her
marginal ordinary income tax rate is 25% and capital gains tax rate is 15%. The after-tax rate of return from this transaction is 9.25%. Calculate the stock price Jill purchased, to the nearest cents.
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
