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Jill Clark invested $25,000 in the bonds of Industrial Aromatics, Inc. She held them for 13 months, at the end of which she sold them
Jill Clark invested $25,000 in the bonds of Industrial Aromatics, Inc. She held them for 13 months, at the end of which she sold them for $26,738. During the period of ownership she received $1,898 interest. Calculate the pretax and after-tax HPR on Jill's investment Assume that she is in the 35% ordinary tax bracket (federal and state combined) and pays a 15% capital gains rate on dividends and on capital gains for holding periods longer than 12 months. C.... The pretax HPR is%. (Round to two decimal places.) The after-tax HPR is/ %. (Round to two decimal places.)
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