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Problem 7-39 (LO 7-1) (Static) Hayley recently invested $50,000 in a public utility stock paying a 3 percent annual dividend. (Hoyley's marginal income tox rate

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Problem 7-39 (LO 7-1) (Static) Hayley recently invested $50,000 in a public utility stock paying a 3 percent annual dividend. (Hoyley's marginal income tox rate is 32 Required: a. If Hayley reinvests the arnual dividenid she receives net of any taxes owed on the dividend, how much will her investment be worth in four years if the dividends paid ore qualified dividends? b. What will her investment be worth in four years if the dividends ate nonqualified? Note: For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Problem 7-39 (LO 7-1) (Static) Hayley recently invested $50,000 in a public utility stock paying a 3 percent annual dividend. (Hoyley's marginal income tox rate is 32 Required: a. If Hayley reinvests the arnual dividenid she receives net of any taxes owed on the dividend, how much will her investment be worth in four years if the dividends paid ore qualified dividends? b. What will her investment be worth in four years if the dividends ate nonqualified? Note: For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount

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